VN's food processing industry struggles to improve quality and value chain integration Monetary policy forecast unlikely to loosen further Vietnam's internet economy projected to hit 36 billion USD in 2024

Thuduc House continues to be subject to tax arrears of about VND100 billion

By Thu Diu/ Ngoc Loan

By Thu Diu/ Ngoc Loan

See the author's posts
08:50 | 26/12/2021 Finance Follow english.haiquanonline.com.vn on
VCN -According to the announcement from Thu Duc Housing Development Joint Stock Company (Thuduc House), the HCM City Tax Department has applied remedial measures to this company due to administrative violations from the annual inspection in 2017-2018.
How was the trillion-dollar smuggling case related to Thuduc House solved? - Part 1: The journey to decrypt the unknowns How was the trillion-dollar smuggling case related to Thuduc House solved? - Part 1: The journey to decrypt the unknowns
Thuduc House continues to be subject to tax arrears of about VND100 billion
Thuduc House suffered a heavy loss in 2020 due to tax arrears. Photo Internet.

Specifically, Thuduc House was imposed VAT arrears worth VND20.8 billion. In addition, this company must pay over VND9.5 billion of late payment interest of VAT and be revised down the VAT deduction worth VND67.5 billion.

The HCM City tax authority requested the company pay tax arrears and additional amount of VND97.8 billion.

At the end of 2020, the tax authority issued a decision to collect over VND396 billion of VAT, late payment interest of VAT and revise down the deduction for 2018 and the second half of 2019.

Thuduc House did not agree with all the decision of the HCM City Tax Department and filed a lawsuit against the administrative decision at the People's Court of HCM City. However, the company still has to make a provision for payables related to these tax arrears.

By Thu Diu/ Ngoc Loan
Tags:
Thuduc House Tax arrears late payment interest tax loss

Related News

Many "big enterprises" pay taxes after enforcement

Many "big enterprises" pay taxes after enforcement

09:00 | 05/11/2024 Anti-Smuggling

VCN - Many enterprises with large tax debts ranging from several billion to tens of billions of VND have paid taxes to the state budget after being forced by the Customs.
An Giang Customs announces businesses with tax arrears

An Giang Customs announces businesses with tax arrears

14:51 | 24/10/2024 Anti-Smuggling

VCN - An Giang Customs Department has just announced 25 businesses with tax arrears worth over VND6.2 billion.
Considering amending regulations on suspension from exit due to tax arrears

Considering amending regulations on suspension from exit due to tax arrears

09:30 | 15/10/2024 Regulations

VCN - To facilitate the implementation of suspension from exit, the General Department of Taxation directs specialized units to study and amend and supplement current regulations to ensure both improving the efficiency of tax debt collection and creating conditions for enterprises and taxpayers to develop stable production and business as well as facilitate travel and trade activities.
Combating tax loss in e-commerce transactions

Combating tax loss in e-commerce transactions

10:53 | 05/03/2024 Finance

VCN - Besides the results achieved, the implementation of tax management for e-commerce transactions is still limited. Therefore, the tax authority is required to review the actual tax management in localities to develop solutions to further strengthen tax management in e-commerce in the near future.

Latest News

Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

15:51 | 22/11/2024 Finance

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
World Bank outlines path for Vietnam to reach high income status

World Bank outlines path for Vietnam to reach high income status

13:44 | 22/11/2024 Finance

The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Strictly control public debt and ensure national financial security 2025

Strictly control public debt and ensure national financial security 2025

09:26 | 22/11/2024 Finance

VCN – In order to achieve goal of strictly managing public debt and maintaining security and safety of the national financial system in 2025, it is necessary to ensure the borrowings and repayments of public debts is within the approved estimate; closely monitor public debt indicators to ensure that they are within the ceiling and warning thresholds approved by the National Assembly.
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

14:33 | 21/11/2024 Finance

VCN - On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws. Concluding the session, Vice Chairman of the National Assembly Nguyen Duc Hai emphasized the need for the Government to direct the drafting body and relevant agencies to collaborate closely to finalize a persuasive and widely supported report, ensuring the quality of the draft law for the National Assembly's consideration and decision.

More News

Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

09:47 | 21/11/2024 Finance

VCN - According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
State-owned securities company trails competitors

State-owned securities company trails competitors

14:46 | 20/11/2024 Finance

Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Strengthening the financial “health” of state-owned enterprises

Strengthening the financial “health” of state-owned enterprises

09:23 | 20/11/2024 Finance

VCN - The state economy plays a key role in the socio-economic development process, but it is necessary to strengthen the financial health and competitiveness of state-owned enterprises (SOEs).
U.S. Treasury continues to affirm Vietnam does not manipulate currency

U.S. Treasury continues to affirm Vietnam does not manipulate currency

13:46 | 19/11/2024 Finance

VCN - In its latest report, the U.S. Department of the Treasury has positively assessed Vietnam's monetary policy, reaffirming that Vietnam does not engage in currency manipulation.
Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

13:43 | 19/11/2024 Finance

Net profits from the foreign exchange trading segment of many banks have gained positive results thanks to a strong USD/VNĐ exchange rate fluctuations this year.
A “picture” of bank profits in the first nine months of 2024

A “picture” of bank profits in the first nine months of 2024

09:42 | 19/11/2024 Finance

VCN - Pre-tax profits for banks during the first nine months of 2024 remained positive, exceeding 200 trillion VND, solidifying the sector's position as a market leader.
Many challenges in restructuring public finance

Many challenges in restructuring public finance

10:02 | 18/11/2024 Finance

VCN - Restructuring public finance is an important step to improve state financial management, ensure resources are allocated reasonably and effectively, contributing to the country's sustainable development. In addition to the achieved results, the process of accelerating public finance restructuring also faces many pressures.
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs

09:19 | 17/11/2024 Finance

VCN - E-commerce platforms that declare and pay taxes on behalf of traders not only help to reduce the number of tax declaration points but also reduce the cost of compliance with administrative procedures for the whole society because only one point as the e-commerce trading platform implements tax deduction, payment and declaration on behalf of tens, hundreds of thousands of individuals and business households on the platform.
Disbursement of public investment must be accelerated: Deputy PM

Disbursement of public investment must be accelerated: Deputy PM

19:32 | 16/11/2024 Finance

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.
Read More

Your care

Latest Most read
Monetary policy forecast unlikely to loosen further

Monetary policy forecast unlikely to loosen further

15:51 | 22/11/2024 Finance

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
World Bank outlines path for Vietnam to reach high income status

World Bank outlines path for Vietnam to reach high income status

13:44 | 22/11/2024 Finance

The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
Strictly control public debt and ensure national financial security 2025

Strictly control public debt and ensure national financial security 2025

09:26 | 22/11/2024 Finance

VCN - According to the plan for borrowing and repaying public debt and foreign debt of the country in 2025, the total borrowing demand of the Government in the year is expected to be at VND 815,238 billion, an increase of 20.6% compared to the Government'
Revising the title of a draft of 1 Law amending seven finance-related laws

Revising the title of a draft of 1 Law amending seven finance-related laws

14:33 | 21/11/2024 Finance

On November 19, 2024, the Standing Committee of the National Assembly (SCNA) discussed amendments and refinements to the draft of a law revising seven existing finance-related laws.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

09:47 | 21/11/2024 Finance

According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.
Mobile Version