The Thanh Hoa Provincial Tax Department has just issued a conclusion on the tax inspection at Thanh Hoa Petroleum Company Limited; Tax code: 2801085792, address: Area B, Bim Son Industrial Park, Bac Son Ward, Bim Son Town, Thanh Hoa Province.
Thanh Hoa Petroleum Company Limited has violated a series of tax regulations. The company has evaded value added tax (VAT) payable in the period in the amount of VND 28,021,672.
This action of the Company violated Article 17 of Decree No. 125/2020/ND-CP dated October 19, 2020 of the Government on administrative sanctions for violations of tax and invoices.
The company evaded corporate income tax (CIT) payable during the period in the amount of VND 12,036,808;
This behavior violated item a, point 3, Article 12; Article 16; Article 17 of Decree No. 125/2020/ND-CP dated October 19, 2020 of the Government on administrative sanctions for violations of tax and invoices.
The company violated the act of using sales invoices that did not fully include the required contents as prescribed such as the buyer's tax code, address...; violated point h, clause 4, Article 24 of Decree No. 125/2020/ND-CP dated October 19, 2020 of the Government on administrative sanctions for violations of tax and invoices.
From the inspection results, Thanh Hoa Tax Department requested Thanh Hoa Petroleum Company Limited to immediately pay the amount of VND 491,631,914 including the amount of tax arrears, administrative fines and late tax payment to account 7111 opened at the State Treasury of Bim Son town when there is a decision to handle administrative violations by Thanh Hoa Provincial Tax Department.
Thanh Hoa Tax Department requests Thanh Hoa Petroleum Company Limited to immediately rectify and overcome existing problems and errors in accounting, tax declaration, and tax settlement in accordance with the provisions of law and implementing guidelines.
