Nguyen Kim paid nearly 150 billion VND of tax, HCM City Tax Department revoked decision of tax coercion

Nguyen Kim center

Accordingly, Nguyen Kim Trading Joint Stock Company has paid fully the 148.3 billion VND of tax arrears, late tax payment and fines under Decision No. 3506/QD-CT dated 29/6/2018 of the HCM City Tax Department.

Previously, on 29/6/2018, the HCM City Tax Department issued a decision on sanctioning tax administrative violation No. 3506/QD-CT on sanctioning Nguyen Kim Trading Joint Stock Company of 19.4 billion VND about false declarations leading to a shortage of the amount of Personal Income Tax (PIT) paid.

At the same time, the tax remittance of over 104.7 billion VND was applied. The amount of late tax payment was over 24.1 billion VND. Therefore, totally, Nguyen Kim Trading Joint Stock Company was fined 148.3 billion VND.

Due to failure of implementing the sanctioning decision after 10 days of receiving the decision, thus on 13/7, the District 1 Tax Branch sent a decision on coercive tax deduction to the Nguyen Kim company’s bank accounts, in order to coordinate for tax debts recovery.