HCMC – Bong Bach Tuyet Corporation (UpCOM: BBT) has been fined and ordered to pay more than VND1.14 billion in back taxes, according to a decision issued by the HCMC Tax Department.
The tax authority said Bong Bach Tuyet made incorrect tax declarations, leading to underpayment of value-added tax (VAT) in 2018, 2019, and 2021, as well as corporate income tax (CIT) between 2018 and 2021. The company also misreported VAT filings in 2020, though this did not result in additional tax liabilities.
The HCMC Tax Department has required the company to pay all fines, arrears, and late payment fees to the State budget. BBT is responsible for calculating and paying the late payment interest from August 20 until the actual payment date.
On the market for unlisted public companies, BBT soared 13.94% today, closing at VND18,800, up VND2,300 from the previous session.
Closing the trading session today, September 5, the VN-Index dropped 29.32 points, or 1.73%, to 1,666.97, with 100 gainers and 230 decliners.
Trading volume reached over 1.69 billion shares worth VND48.82 trillion, up 22% in volume and 23% in value against the previous session.
Bank stocks were the main drag on the market, with VPB, TPB, MSB, and SHB plunging over 4%. SHB saw the heaviest trading volume in the market, with over 131.9 million shares changing hands.
Securities stocks also sank, leading the downtrend with a drop of more than 4%. AGR hit the floor, plunging 6.9% to VND19,050, while DSE shed 6.77% to VND30,300 and VND dropped 6.7% to VND25,000.
Among bluechips, steelmaker HPG reversed course after a strong rally yesterday, falling 3.5% to VND28,800, with 95.2 million shares traded, the second highest on the southern exchange.
On the northern market, the HNX-Index also fell sharply in the final trading minutes due to stronger selling pressure. It lost 3.32 points, or 1.17%, to 280.67 points, with 72 gainers and 95 decliners. The trading volume on the HNX reached 174.3 million shares worth VND4.25 trillion.
