Can Tho City Tax Department has just concluded the Tax Inspection at The Fruit Republic Can Tho LLC.
According to the conclusion of the Can Tho City Tax Department, through inspection, The Fruit Republic Can Tho LLC declared and paid taxes according to regulations, however, the unit still made errors in tax declaration.
Regarding corporate income tax, the company recorded expenses that did not correspond to taxable revenue in the period as business management expenses, which increased the amount of corporate income tax payable in the period by a total of more than VND 822.5 million through inspection.
In 2022, the corporate income tax is more than 672.9 million VND; in 2023, the corporate income tax is more than 149.5 million VND.
Regarding personal income tax, the unit has the act of declaring incorrectly or not fully declaring the indicators on the tax declaration, the appendices attached to the tax declaration but not related to determining the tax obligations of the personal income tax finalization declaration for 2022 and 2023. Registering the personal income tax code is late compared to the regulations (over the prescribed deadline of 91 days or more).
Can Tho City Tax Department concluded that The Fruit Republic Can Tho Company Limited had committed administrative violations including: false declaration leading to a shortage of corporate income tax payable according to regulations; false declaration but not leading to a shortage of personal income tax payable according to regulations.
Based on the violations of The Fruit Republic Can Tho Company Limited, Can Tho City Tax Department has collected and imposed administrative penalties with a total amount of collected and fines of more than 1.1 billion VND.
Of which, the amount of corporate income tax arrears is more than 822.5 million VND; a fine of 20% on the amount of tax arrears is more than 164.5 million VND; a fine for false declaration, incomplete declaration of indicators on the tax declaration, appendices attached to the tax declaration but not related to determining tax obligations is 12.8 million VND; late payment of corporate income tax is more than 122.9 million VND.
Can Tho City Tax Department requires The Fruit Republic Can Tho Company Limited to immediately pay the remaining tax amount to the State Budget. As for the amount of tax arrears, fines and late payment fees, the Company must fully and promptly pay them to the State Budget collection account of Can Tho City Tax Department opened at Can Tho City State Treasury when there is a decision to impose administrative sanctions by Can Tho City Tax Department.
