Many large real estate companies owe billions in taxes

13:38 | 19/07/2018 Finance Follow english.haiquanonline.com.vn on

VCN - Of the 1,258 companies owing taxes with a total debt of over VND1,556 billion, which has been announced by Ho Chi Minh City Tax Department, many large real estate companies owe billions in taxes.

	Customs sector has settled and collected 831.91 billion VND of tax debt
	Ha Noi: Many big enterprises delay tax debt payment
	General Department of Taxation "urge" to recover debt

many large real estate companies owe billions in taxes

Companies carry out the tax settlement at Ho Chi Minh City Tax Department.

The top real estate tax debtor is Diep Bach Duong Co., Ltd, with a debt of VND 33.9 billion; followed by Thanh Nien JSC with VND 33.1 billion; Meinhardt Construction Consulting Co., Ltd, (Vietnam), with VND 29 billion; Khang Thong Group JSC with VND13.5 billion; and Duc Hanh Transportation Construction Company with VND 11 billion;

Thang Long Real Estate Transaction Floor JSC with over VND 9.6 billion; Dat Lanh Real Estate company with more than VND 4.4 billion; Nam Bo Dong Construction Co., Ltd, with over VND2.2 billion, and Nam Trung Construction Trading Co., Ltd, with more than VND 4.2 billion.

Ho Chi Minh City Tax Department has taken coercive measures to collect tax debts from the above-mentioned tax debtors, such as by: blocking bank accounts for deduction to budget payment; preventing the use of invoices and requesting the competent authorities to revoke the business licenses.

According to Customs newspaper, last week, Ho Chi Minh City Tax Department has publicly announced a list of 1,258 tax debtors with a total amount of over VND 1,556 billion (as of 30th May 2018).

Will electricity and water be cut off if individuals intentionally delay to pay tax debt?

VCN – In the revised draft of Amending Tax Management Law that has been announced for collecting ...

Although Ho Chi Minh City Tax Department has taken many measures to recover debts, companies still delay to fulfill their obligation of tax payment to the State budget.

By Thuy Linh/ Huyen Trang

Tags:

tax debts owe companies Real estate

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