On January 19, at the regular press conference for the fourth quarter of 2023, the Ministry of Finance, Deputy Minister of Finance Nguyen Duc Chi said that tax management follows the principle of self-declaration, self-payment by enterprises, and supervision by tax authorities. As for cash flow management, the business takes the initiative. Enterprises that violate cash flow management will be handled according to legal regulations.
Regarding the condition Petroleum businesses owe taxesMr. Mai Son – Deputy Director of the General Department of Taxation said that among 34 major petroleum enterprises, there are nearly 10 enterprises that owe taxes, most of them environmental protection taxes, the number is up to trillions of dong.
“Enterprises are allowed to calculate and pay their own taxes according to regulations. Tax authorities inspect, supervise, and urge declaration and payment. The General Department of Taxation has urged the collection of tax debt from businesses in general, including petroleum businesses,” Mr. Son said.
| Hai Ha Petro has just had its petroleum business license revoked by the Ministry of Industry and Trade due to many violations. |
According to the leader of the General Department of Taxation, the tax authority will pay tax debt from the 91st day of debt generation onwards Apply account enforcement measures; From the 121st day of tax debt arising, invoices will be enforced and other measures applied such as a proposal to prohibit the legal representative from leaving the country, and identify and distrain assets.
To Prevent businesses from owing taxes, in 2024, the tax industry focuses on building a database related to businesses’ financial reports based on financial reports and business establishments. According to the General Department of Taxation, the majority of businesses use assets as collateral to borrow capital, causing difficulties in tax debt recovery.
Recently, many petroleum enterprises have been named due to tax debt, such as Xuyen Viet Oil Company with a tax debt of nearly 1,530 billion VND, accounting for nearly 20% of the tax debt at the Ho Chi Minh City Tax Department, specifically the environmental protection tax. market amounted to nearly 1,250 billion VND.
Thai Binh Provincial Tax Department also publicly announced that Hai Ha Waterway Transport Co., Ltd. has the largest tax debt, up to 1,780 billion VND, and mainly owes environmental protection tax. After many times of debt collection, Thai Binh Tax Department sent a proposal to ban this company’s leaders from leaving the country.
In addition, there is also Nam Song Hau Petroleum Trading Investment Joint Stock Company with a debt of more than 1,000 billion VND.
A representative of the Price Management Department (Ministry of Finance) said that for petroleum businesses that owe taxes, the authorities have issued an enforcement decision and are in the process of implementing it.