False declaration, a company has to pay more than 12.1 billion VND in taxes and fines

    Lục Giang |

    A company must pay more than 12.19 billion VND after the tax authority determines that the business has violations of value-added tax and corporate income tax.

    Transport Engineering Design Inc. - JSC (TEDI, stock code TED) has just announced information about the decision to sanction administrative violations on taxes of Hanoi City Tax Department.

    According to the announced content, TEDI said that on September 15, 2026, the company received a penalty decision from Hanoi Tax Department, issued on August 28, 2026.

    According to the decision, regarding value-added tax, TEDI declared incorrect revenue targets that are not taxable and revenue that is not taxable; declared value-added tax that does not meet the conditions for deduction.

    Regarding corporate income tax, the company accounts for other income insufficiently; accounting for cost of goods sold and business administration costs without sufficient dossiers and documents.

    The tax authority determined that the above acts led to a shortage of tax payable. TEDI was fined 20% of the additional tax increased through inspection, equivalent to nearly VND 1,599 billion. The enterprise was not subject to additional penalties.

    Regarding remedial measures, TEDI must pay more than 7.993 billion VND of tax arrears through inspection. Of which, the value-added tax arrears amount is more than 1.714 billion VND, including more than 542.48 million VND in 2021; more than 366.68 million VND in 2022; more than 214.25 million VND in 2023; nearly 173.6 million VND in 2024 and more than 417.43 million VND in 2025.

    The amount of corporate income tax to be retroactively collected is more than 6.278 billion VND. Of which, in 2021 nearly 2.4 billion VND; in 2022 nearly 1.347 billion VND; in 2023 more than 1.067 billion VND; in 2024 more than 849 million VND and in 2025 more than 615 million VND.

    TEDI still has to pay more than 2.602 billion VND of late payment tax, including more than 2.104 billion VND of late payment corporate income tax and more than 498.21 million VND of late payment value-added tax. This amount is calculated until the end of August 28, 2026.

    The tax authority requests TEDI to calculate and pay the late payment amount arising from August 29, 2026 to the date of full payment to the state budget.

    The total amount of tax arrears, fines and late payment interest according to the decision is 12,194,537,490 VND. TEDI must comply with the decision within 10 days from the date of receiving the penalty decision.

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