The Government Inspectorate has just published Inspection Conclusion No. 276/KL-TTCP on compliance with legal policies on the issuance of individual corporate bonds (CIs) and the use of funds from individual CIs, period January 1, 2015 to June 30, 2023.
In this conclusion, the Government Inspectorate determined that on June 30, 2023, Signo Land JSC owed bond interest of VND 83.929 billion; Thus, Signo Land Company has not properly fulfilled its responsibility of "Please pay interest and principal when due" as prescribed in Clause 3, Article 34 of Decree No. 153/2020/ND-СР.
Signo Land Joint Stock Company, in the process of issuing and using corporate income capital in the purchase and sale of apartments with signs of violations of VAT declaration and payment as prescribed in Clause 4, Article 8 of Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance guiding taxable subjects, non-taxable subjects, taxpayers, basis and method of tax calculation, deduction, refund and place of VAT payment; violation of declaration and temporary payment of corporate income tax.
In addition, based on additional documents and reports from Veracity Joint Stock Company and DLC Company, Signo Land Joint Stock Company showed signs of violating the accuracy, honesty, and completeness of the TPDN sale and information published in Clause 4, Article 34 of Decree No. 153/2020/ND-CP.
The Government Inspectorate recommended conducting an inspection/inspection of tax compliance for Signo Land Joint Stock Company, DLC Real Estate Investment Company Limited and CTCS Veracity in signing the Contracts.
In case of detecting violations of the law, the authorities will be transferred to handle them according to regulations.
