Thanh Cong Textile was imposed more than 5.5 billion VND in tax

ANTD.VN - Thanh Cong Textile Garment Investment and Trade Joint Stock Company has just been forced to pay an additional 5.5 billion VND in taxes due to a series of violations in falsely declaring imported goods.

The Post-clearance Inspection Department (General Department of Customs) has just issued a decision to determine taxes on export and import goods for Thanh Cong Textile Garment Investment and Trade Joint Stock Company. Accordingly, the total amount of additional tax that this enterprise must pay is more than 5.5 billion VND.

Thanh Cong Textile must pay nearly 5.5 billion VND more in taxes

Of which, import tax is set at over 1.7 billion VND; anti-dumping tax is set at nearly 1.6 billion VND;

The company also had to pay an additional VND2.2 billion in value added tax and VND708 million in environmental protection tax.

The reason for the tax assessment is that Thanh Cong Textile incorrectly declared the tax-exempt subjects, leading to a lack of tax payable on imported goods; due to the lack of strict and accurate management of imported raw materials and supplies, there was a difference in some raw materials and supplies at the end of 2023 without being able to accurately and specifically explain the cause of the difference...

Thanh Cong Textile Garment Investment and Trading Joint Stock Company, formerly Thanh Cong Textile Factory, was established on August 16, 1976, and is one of the leading enterprises in the textile and garment industry.

The business results of this enterprise in 2024 are quite bright when export markets recover. In the third quarter alone, Thanh Cong Textile recorded more than 81 billion VND in profit after tax, the accumulated profit in the first 9 months of the year is estimated at nearly 216 billion VND, exceeding the plan for the whole year (161 billion VND).

Source: https://www.anninhthudo.vn/det-may-thanh-cong-bi-an-dinh-hon-55-ty-dong-tien-thue-post597793.antd