Hanoi announces names of tax debtors on TV

04-Dec-2019 Intellasia | Vietnamnet | 6:02 AM Print This Post

The Hanoi Tax Department has cooperated with Hanoi Television to make a TV segment publicising the names of companies with large tax arrears, with four debtors to be named in the first phase.

The four corporate tax debtors have been identified as Lilama Hanoi JSC; Hoang Ha Construction Co., Ltd; World Gems Co., Ltd; and Lung Lo 5 Investment and Development JSC, reported Thanh Nien newspaper.

The department will publish on its website the specific amounts of tax arrears owed by companies every month. However, many firms still remain sluggish in paying off their tax debts, leaving heavy lost revenues for the tax department.

Over the past four years, the department has adopted many measures to manage and recover tax arrears. As a result, tax debts have dropped by over VND9.4 trillion, or 43.4 percent of the total tax arrears.

Since the start of the year, local tax offices in the capital city have been assigned specific tasks to recover tax arrears.

They have had to create a database of companies with tax arrears, focusing on analysing the cash flows and financial health of debtors, so they can take appropriate steps to force them to settle their debts.

Also, they have adopted tax enforcement measures in line with prevailing regulations.



Category: Business, Vietnam

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