HCM City collects nearly VND1,300 billion in tax arrears

Thursday, 2016-07-07 12:08:07
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NDO – The Ho Chi Minh City Tax Department announced that it has collected VND1,296 billion in tax arrears and fines from 8,566 businesses in the first half of 2016.

Meanwhile, the Ho Chi Minh City Tax Department also inspected 774 documents worth VND535 billion.

In the first six months of the year, Ho Chi Minh City’s tax industry collected VND96,661 billion, or 49.37% of mandatory forecasts in 2016, up 9.53% compared to the previous year.

The collected taxes from manufacturing businesses reached VND57,904 billion, or 49.40% of this year’s mandatory forecasts, up 17.57% from a year earlier.

The excise tax in the first six months of year increased 28.23% compared to the previous year. Meanwhile, the value added tax in the first half of 2016 increased 14.82% against last year.

As of June 30, tax arrears totaled VND11,785 billion, down 5.6% compared to December 31, 2015.