On June 30, the Tax Department of Region II (HCMC) issued a Decision to sanction administrative tax violations against Truong Long Technical and Automobile Joint Stock Company (tax code 0301384695, address Lot 46, Road No. 3, Tan Tao Industrial Park, Tan Tao A Ward, Binh Tan District, HCMC). The legal representative is Mr. La Van Truong Son, Director.
According to the Decision, through tax inspection for the 2022-2023 period, the tax authority discovered that Truong Long Company had incorrectly declared corporate income tax and value-added tax (VAT), leading to a shortage of tax payable compared to regulations. Violations are determined according to Clauses 1, 2, 3, Article 16 and Clause 3, Article 12 of Decree 125/2020/ND-CP on administrative sanctions for tax and invoice violations.
Based on the inspection results, the Tax Department decided to fine Truong Long Company VND 44,166,035, including:
Fine for false declaration of lack of corporate income tax: 33,228,526 VND.
Fine for false declaration of VAT deficiency: 3,787,509 VND.
Fine for false declaration does not lead to tax shortage (reducing deductions in 2022): 7,150,000 VND.
In addition to the main penalty, the Tax Department applies remedial measures including:
Adjusted deduction in 2024: 2,218,401 VND.
The total collection is 185,080,173 VND, including 166,142,628 VND for corporate income tax and 18,937,545 VND for VAT.
As of June 27, 2025, the late tax payment fee is up to VND 40,468,176, details:
Late payment of corporate income tax: VND 34,389,268.
late payment of VAT: VND 6,078,908.
Thus, the total amount of money that Truong Long Company must pay to the State budget, including fines, collection and late payment, is 269,714,384 VND. This amount will continue to be recalculated if it is paid late after June 27, 2025 until the actual payment date.
The Tax Department requires Truong Long Company to pay all of the above fees into the Treasury account according to regulations within 10 days from the date of receipt of the Decision. After the deadline, if the company does not comply, the tax authority will apply administrative enforcement measures according to regulations.
The tax authority also requested Truong Long Company to declare an adjustment of the tax deduction to the VAT declaration file of the most recent tax calculation period ( coefficient 37 on Declaration form No. 01/GTGT). The company has the right to complain or file a lawsuit against the penalty decision according to the law. The decision was sent to the State Treasury of Region II and the Enterprise Support Management Department No. 5 for coordination in implementation.
