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Sunday, November 27, 2022

CC4 fined for tax rule violation

The Saigon Times

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HCMC – The Hanoi Tax Department has fined Investment and Construction Joint Stock Company No. 4, whose CC4 shares are traded on the Unlisted Public Company Market (UPCoM), for violation of tax rules.

The company was slapped with an administrative fine of over VND194 million for a false tax filing which led to the payment of an insufficient amount of tax as required by regulations, according to news site vietstock.vn.

CC4 was also ordered to pay VND591.3 million in tax arrears, including VND136.3 million of value-added tax and nearly VND455 million of corporate income tax. It has to pay over VND297 million for its late tax payments.

The investment and construction firm was asked to pay VND2.97 billion because it remained slow in paying value-added tax as a result of invoicing mistakes.

In total, the administrative fine, tax arrears and late tax payments cost the company more than VND4 billion.

Regarding stock trading today, the benchmark VN-Index of the Hochiminh Stock Exchange gained 26.36 points, or 2.8%, over the session earlier at 969.26, with 397 stocks advancing.

The southern bourse saw its trade down over 30% in volume and 20% in value against the previous session at more than 724 million shares and over VND11.4 trillion.

Of this, close to 135 million shares worth nearly VND2.2 trillion were transacted in block deals, with over 44.6 million shares of lender EIB accounting for around VND820 billion.

Heavyweights and bluechips moved up in the afternoon phase, with the State-run rubber group GVR and steelmaker HPG soaring to their upper limits at VND11,400 and VND14,250, respectively.

Three members in the Vingroup family also made significant gains. Real estate developer VIC and retailer VRE closed at their ceiling prices of VND64,600 and VND28,400, respectively, while housing developer VHM surged 6.8% at VND47,950.

The HNX-Index of the Hanoi Stock Exchange ended higher by adding 4.41 points, or 2.4% compared to yesterday at 187.86, with 152 advancers and 37 decliners.

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