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Dong Nai companies grapple with over VND600 billion in tax debt

By Truc Dao

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HCMC – Tax authorities of Dong Nai Province have reported that 101 enterprises are in arrears, collectively owing more than VND626 billion in taxes and other obligations.

This disclosure came through an official announcement by the Dong Nai Tax Department, accessible on the province’s website at dongnai.gov.vn.

The outstanding tax liabilities stem from various challenges faced by businesses, particularly in production and trading activities. Notably, a significant portion of overdue taxes is linked to entities operating in the real estate and mineral extraction sectors.

Among the notable debtors are Tung Lam Alcohol Production Factory Company, with arrears exceeding VND110 billion, and Phu Hoi City Company, owing more than VND81 billion. DONA Transportation Construction JSC is also listed with over VND40 billion in tax arrears.

To address these issues, tax authorities have vowed to implement stringent measures to recover the outstanding taxes, in accordance with tax management laws. These measures encompass debt recovery and enforcement actions, alongside intensified efforts to combat tax revenue losses through audits and inspections.

This year, Dong Nai Province has been tasked with collecting state budget revenues totaling VND56.1 trillion. The Dong Nai Tax Department shoulders a substantial portion of this responsibility, mandated to collect over VND37.3 trillion in domestic taxes.

Despite facing challenges, the tax department has shown progress in revenue collection, with nearly VND11.6 trillion collected in the first quarter of 2024, achieving 31% of the annual target.

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