The Ho Chi Minh City Tax Department officially issued Decision No. 542/QD-XPHC on sanctioning administrative violations against Saigon Vien Dong Technology Joint Stock Company, stock code SVT.
Based on the tax inspection results for the period from 2016 to 2020, this enterprise has committed acts of incorrect declaration leading to a shortage of value-added tax and corporate income tax payable according to the provisions of the Law on Tax Administration.
In addition, the company was also determined to have violated regulations by failing to prepare 4 invoices at the time of capital transfer according to regulations on sales invoices and service provision.
With these violations, Saigon Vien Dong Technology Joint Stock Company was applied the main penalty form of fines with a fine of more than 7.7 million VND.
In addition to administrative penalties, businesses must also implement remedial measures including recovering the tax arrears to the state budget of more than 194.5 million VND.
In which, the amount of value-added tax retroactively collected accounted for more than 92.6 million VND and corporate income tax was more than 101.8 million VND.
At the same time, this unit also has to pay an additional amount of more than 150.4 million VND in late tax payment as of January 19, 2026.
Thus, the total amount of tax arrears, fines and late payments that businesses must fulfill obligations is more than 352.7 million VND.
The decision takes effect from the date of signing and the legal representative of the company, Ms. Pham Thi Nhu Ngoc, is responsible for strictly complying within 10 days to avoid being enforced according to the provisions of law.
