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Tuesday, June 25, 2024

Overseas travel ban on Trung Nam Group chairman lifted as tax debt settled

The Saigon Times

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HCMC – The Customs Department of Khanh Hoa Province has written to the Immigration Department of the Ministry of Public Security announcing the cancellation of a temporary overseas travel ban imposed on the chairman of Trung Nam Group over tax debt.

Nguyen Tam Thinh, chairman of the Board of Directors (BOD) of Trung Nam Group, can now travel abroad as the tax debt owed by his company has been settled.

Under the current laws, when a business has overdue tax debt, its legal representative would be banned from traveling abroad.

The decision on cancellation of the overseas travel ban is based on the Tax Management Law, the Immigration Law, and the Khanh Hoa Customs Department’s Decision No. 444/QD-HQKH dated December 27, 2023 on authorization to issue enforcement decisions on implementation of administrative decisions regarding tax management.

Nguoi Lao Dong newspaper reported that Le Nhu Phuoc An, permanent deputy CEO of Trung Nam Group, had said that the recent VND21 billion tax debt originated from the import tax on equipment for the 450MW Thuan Nam solar power project. Ninh Thuan Customs did not approve the tax exemption file which was prepared by the company when the project investor was changed as approved by the provincial government.

“This tax obligation arose after an inspection by Ninh Thuan Customs. However, despite many difficulties, we have tried to fulfill our obligations, especially tax and financial ones. We have arranged other sources to fulfill those obligations. Because of this, we hope that EVN (Vietnam Electricity Group) will settle the unpaid amounts for Trung Nam to help Trung Nam overcome this difficulty,” An said.

On May 6, the Customs Department of Khanh Hoa Province requested the Immigration Department of the Ministry of Public Security to prevent Nguyen Tam Thinh, the legal representative of Trung Nam Group, from overseas travels until tax debt is settled.

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