The HCM City Taxation Agency has forced 11 big businessmen to pay the personal income tax arrears worth up to 10 billion. The “big guys” forgot some items when declaring tax in 2011, while the “mistake” was only found in July, or 1.5 years later.
The businessmen include a trader, who was asked to pay the tax arrears of VND2.2 billion. Each of the other five had to pay some VND1.5 billion, and each of the remaining five in the list VND500 million.
The tax sums that the “big guys” forgot to pay are hundreds of times higher than the income of normal workers.
A lot of showbiz celebrities were also listed as the tax evaders, who tried to evade several billions of dong in personal income tax. The “stars” have only accepted to pay the tax arrears after the taxation bodies showed the figures to prove their behavior of tax evasion.
The taxation agencies last week stirred up the public again when naming a series of businesses which evaded hundreds of billions of dong worth of tax.
The Binh Minh Plastics Company, for example, has been fined and asked to pay VND117 billion worth of the corporate income tax. The company declared the 50 percent tax reduction though the grace period for it ended already.
Tens of other big businesses, including the Song Da JSC, Sao Vang Rubber Company and Chuong Duong Drinks Company, have also been requested to pay tax arrears worth billions of dong for each.
Not only private, but state owned enterprises also committed tax frauds. The State Audit in April found that petroleum importers evaded VND470 billion, of which Petrolimex, the “eldest brother” with 60 percent of the market share, evaded VND170 billion, or 40 percent.
The Electricity of Vietnam (EVN) also bears the ill fame of evading tax, though the tax arrears it had to pay is not big, only VND1 billion worth of import tax.
Foreign invested enterprises seemingly cause the biggest headache to tax officers. Some transfer pricing affairs worth trillions of dong have been discovered.
The South Korean invested Keangnam Vina, the owner of the Vietnamese highest building in Vietnam, has admitted its transfer pricing behavior valued at VND1.22 trillion and has to pay the tax arrears of VND95.2 billion.
Meanwhile, a Malaysian – Taiwan textile joint ventures has been forced to pay the tax arears of VND78 billion after it was found as carrying out transfer pricing worth VND1.2 trillion.
122 foreign invested enterprises have been named in the “black list,” including the worldwide known names such as Adidas, Metro or Coca Cola.
The other enterprises don’t commit tax frauds, but have been insisting on tax remission, though they know well about the state budget shortfall.
The Vietnam Coal and Mineral Industries Group, for example, has asked to reduce the environment fee by 10 times and halve the coal export tax.
The Vietnam Shipbuilding Industry Group (Vinashin) has proposed to reduce the VAT, import tariff. Most recently, the Vietnam National Shipping Lines has asked for the preferential port fees.
em style=”margin: 0px; padding: 0px;”>Pham Huyen
share
Tin liên quan
Tax office continues to tackle transfer pricing
VietNamNet Bridge – The General Department of Taxation has taken drastic measures to crack down on transfer pricing, confirming it had carried out investigations on businesses using transfer pricing to lower tax obligations....
Strong campaign against price transfer
At least 870 enterprises which have foreign direct investment (FDI) appear to have had the price transfer or declared loss for years, however, they are still expanding their business. These enterprises have been put onto the "black list" by the inspectors of the taxation sector. . Lam Dong has...
Transfer pricing: Hundreds of businesses named in black list
VietNamNet Bridge – 122 foreign invested enterprises (FIEs) have been found as conducting transfer pricing and forced to pay the tax arrears of over VND200 billion....
How Taiwanese businesses make price transferring in Vietnam?
VietNamNet Bridge – In Vietnam, one kilo of Oolong tea is priced at VND2-3 million, or over $100. Meanwhile, Taiwanese invested businesses in Vietnam export Oolong tea to the holding companies in Taiwan at $4 per kilo only....
Unclear laws make business naming a troublesome job
VietNamNet Bridge – Giving a name to a newly established business turns out to be a difficult job because of the unclear provisions in the Business Registration Law....