Thuan Thao's tax debt has expanded from nearly 30 billion VND to nearly 185 billion VND. Why?

Most of Thuan Thao Joint Stock Company's assets have been auctioned off to pay off debts - Photo: D.TH.

On July 10, at the 21st session of the 8th term People's Council of Phu Yen province, voters requested the People's Committee of Phu Yen province to inform them why Thuan Thao Joint Stock Company, chaired by Ms. Vo Thi Thanh, owed huge tax debts and was unable to pay.

What measures does the province have to resolve and handle this tax debt, ensuring against tax losses to the State?

Thuan Thao to owe tax mother owe tax child

Responding to the above content, the leader of Phu Yen Provincial Tax Department said that as of January 31, 2024, Thuan Thao Joint Stock Company still owed 184.6 billion VND in taxes. Of which, the tax debt was 91.6 billion VND, and the late payment fee was 93 billion VND.

Thuan Thao's tax debt started in 2012, with an amount of 26.2 billion VND, late payment of 3.7 billion VND.

By the end of 2013, the company's tax debt had increased to 60.9 billion VND, and late payment was 6.3 billion VND. Every year, Thuan Thao's tax debt and late payment increased.

By the end of 2023, tax debt is 91.6 billion VND, late payment is 93 billion VND (tax system temporarily does not calculate late payment in 2023).

"Currently, Thuan Thao Joint Stock Company has large tax debts and late payment fees but is still stuck with policies and is waiting for guidance from competent authorities," said the leader of Phu Yen Province Tax Department.

Specifically, the value added tax debt of 2 invoices issued to Thuan Thao Nam Saigon Joint Stock Company declared the tax amount as 41.8 billion VND, the court declared these 2 invoices null and void and the company requested to declare additional adjustments.

Due to policy issues, Phu Yen Tax Department has asked for opinions and is waiting for guidance from the General Department of Taxation, so it has not yet made any adjustments to reduce this tax debt. According to the Tax Department, as of December 31, 2022, the late tax payment for these two invoices is more than 63.5 billion VND.

Regarding land rent, Thuan Thao still owes 23.55 billion VND as of December 31, 2023 for 4 land lease contracts. The company recommends that the Tax Department not calculate land rent and non- agricultural land use tax for the above leased lands from the time the assets are auctioned (due to contract termination).

Phu Yen Tax Department has responded to this content to Phu Yen Department of Natural Resources and Environment. However, the Department of Natural Resources and Environment announced that due to difficulties in implementing the policy, the department is reviewing and synthesizing to advise Phu Yen Provincial People's Committee for consideration and direction.

If excluding the above two tax debts, the company's remaining tax debt is 26.2 billion and 29.5 billion in late payment fees.

Low enforcement of tax debt collection

Phu Yen Tax Department said that as soon as Thuan Thao incurred tax debts in 2012, the unit continuously urged tax collection and enforcement in accordance with regulations.

In 2015, enforcement was carried out by withdrawing money from the accounts of the subjects of enforcement at the state treasury and credit institutions.

In February 2017, Phu Yen Tax Department enforced the measure of stopping the use of invoices of Thuan Thao Joint Stock Company and continued to apply the measure of stopping the use of invoices from 2017 to present.

Through enforcement by collecting 18% of the amount generated on revenue for each request for individual invoices from the company from 2017 to 2024, the tax sector has collected a debt of 13.2 billion VND.

Up to now, the Tax Department has enforced the 8th suspension of invoice usage according to the decision dated March 11, 2024 for Thuan Thao Joint Stock Company and has proposed to enforce the recovery through a third party for the amount of money that the Phu Yen Civil Judgment Enforcement Department is temporarily holding, but still cannot collect the tax debt due to the sale of assets to handle bad debts for the bank.

Notice of temporary suspension of exit from the country for Ms. Vo Thi Thanh

According to the Phu Yen Tax Department, on May 29, 2024, the department issued a notice regulating the temporary suspension of exit for Ms. Vo Thi Thanh, the legal representative of Thuan Thao Joint Stock Company (an enterprise being forced to execute an administrative decision on tax management and has not fulfilled its tax payment obligations).

Source: https://tuoitre.vn/khoan-no-thue-cua-thuan-thao-tu-gan-30-ti-dong-no-thanh-gan-185-ti-dong-do-dau-20240710145058239.htm