Three FDI companies forced to pay tax debt
Three FDI companies forced to pay tax debt
The HCM City Customs Agency has imposed coercive measures force three foreign-invested companies to pay tax debts.
The coercive measure to force these three companies to pay tax debts is that customs clearance for imported goods of these firms will be suspended on a national scale until they pay taxes.
HCM City Tax Department said there is a large number of businesses owe taxes. If these firms do not pay taxes, coercive measures will be applied under Circular 157 issued by the Ministry of Finance.
There are five forms of enforcement: extracting money from these firms’ accounts at treasuries, banks and credit institutions; withholding a portion of salary and income of the tax payers; seizing the assets of the tax payers; seizing the assets held by the third party; and revoking the tax code, suspending the use of invoices, revoking business registration or establishment license and operation license.
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