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HCM City names, shames 21 firms

Update: July, 08/2015 - 08:41

The HCM City Taxation Department has announced the names of 21 companies that have for long not paid taxes and owe a total of VND300 billion (US$14 million) in back taxes. — Photo hochiminhcity.vn

HCM City (VNS) — The HCM City Taxation Department has announced the names of 21 companies that have for long not paid taxes and owe a total of VND300 billion (US$14 million) in back taxes.

The district 3-based Lam Vien Construction and Investment Joint Stock Company owes the largest amount — VND102 billion ($5.6 million) — followed by another Industrial and Civilian Construction Company (VND32 billion or $1.5 million) and Tan Phong Investment, Trade and Service Company (VND30 billion or $1.4 million).

The department said the companies have continued to evade taxes for a long time despite coercive measures.

It had the right to freeze a company's bank accounts, seize assets, collect receivables from third parties, and rescind the invoice, licence and tax code.

"These enterprises are listed as examples for other companies that have not paid taxes," a department spokesperson said.

"We will continue to publicly more name if they do not pay." — VNS



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