What will Hue do to recover more than 420 billion VND in tax debt?

There are businesses that owe more than 100 billion VND in taxes.

The Thua Thien Hue Provincial Tax Department has just published a list of taxpayers who owe taxes and other taxes owed to the state budget. The reason for publishing the information is that it has been more than 90 days since the tax payment deadline.

As of the end of June 2024, there were 218 taxpayers including enterprises, organizations, individuals, and business households with tax debts of more than VND 422 billion. Of which, the amount of overdue tax debt that must be enforced is more than VND 376 billion.

Notably, among the tax-debt enterprises that were made public this time, there are many units that owe billions of dong in taxes, some units owe over 100 billion dong in taxes.

Of which, IUC Group Joint Stock Company, located on the 3rd floor of Vinaconex 7 Building, No. 61, Nguyen Van Giap Street, Nam Tu Liem District ( Hanoi ) owes more than 180 billion VND in tax; Vietnam Airlines Travel Joint Stock Company, located at No. 3, Hung Vuong Street, Hue City owes more than 32 billion VND; Hoang Cung Hotel Joint Stock Company, located at No. 8, Hung Vuong Street, Hue City owes more than 25 billion VND; Hue Center for Supporting School Equipment and Humanitarian Education, located at No. 3, Le Hong Phong Street, Hue City owes more than 23 billion VND.

Dinh Huong Trading and Import-Export Company Limited, address 8-10 Chu Van An, Phu Hoi Ward, Hue City, Thua Thien Hue owes more than 13 billion VND; Dinh Huong Trading and Import-Export Company Limited - Wood processing factory branch, address lot CN37A, Area C, Phong Dien Industrial Park, Phong Dien town, Phong Dien district, Thua Thien Hue owes more than 11 billion VND;....

Many famous real estate companies in Hue also owe billions of dong in taxes, such as: IMG Hue Investment Joint Stock Company, located at Road 7, An Cuu New Urban Area, Hue City, owes more than 17 billion dong; Minh Linh Investment and Trading Company Limited, located at Lot A1-A2, Dong Nam Thuy An New Urban Area, Huong Thuy Town, owes more than 1 billion dong.

Multiple coercive measures

On August 6, speaking with a reporter from Lao Dong Newspaper, Mr. Ha Van Khoa - Director of the Thua Thien Hue Provincial Tax Department said that according to the debt management process, tax-indebted units will enforce tax debt collection in many different forms depending on the level of law compliance of those units.

For example, for businesses with tax debts, the first step will be to freeze the account. If they do not have the money in the frozen account, they will move on to coercive measures to collect invoices. If this is not effective, the Provincial People's Committee and the Department of Planning and Investment can be asked to revoke the business registration certificate.

"In particular, if a business owner does not comply with the law on budget payment, leading to tax debt, and the tax authority has repeatedly applied coercive measures but cannot recover the debt, it is forced to notify the business owner that he will not be allowed to leave the country.

For example, we will notify them within 10 days to let them know that if they still do not fulfill their tax obligations after the deadline, we will send a notice to the police to take measures to temporarily suspend the business owner's exit. The ultimate goal is to recover tax debts and submit them to the budget according to regulations, not to cause difficulties for businesses," Mr. Khoa explained.