Nearly 1,400 billion vnd tax debt can not be retrieved

Verification of imported cars at VICT port in HCMC. Photo: T.H

The tax debt of tax payers who runaway, go missing, or terminate the operation of business at the address or deactivate business totals 752 billion vnd.

The remaining number of tax payers who have decided to dissolve their enterprises by competent authorities totals nearly 38.6 billion vnd in debt; taxpayer’s who have decided to apply for bankruptcy by competent authorities totals more than 26 billion vnd in debt; taxpayer’s who are being prosecuted have more than 40 billion vnd in tax debt; taxpayer’s who have been assessed on tax compliance and had tax imposed by the competent authorities totals over 34 billion vnd; other debts are more then 432 billion vnd.

HCM City Customs: Tax debt recovery coordination

From 2014 to now, in Ho Chi Minh Customs Department there have been 27 decisions of erasing tax debt with total of 66.3 billion vnd of State enterprises which have been dissolved. These decisions have been issued by the Prime Minister, Ministry of Finance, General Department of Customs.