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Thuduc House Development Joint Stock Company (Thuduc House – HoSE: TDH) announced that it has received 2 decisions signed on December 25, issued by the Ho Chi Minh City Tax Department, announcing the application of corrective measures due to violations. and propose to withdraw the refund of the export value added tax (VAT) for the inspection period of 2018 and the second half of 2019.
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Thuduc House has reimbursed the VAT refunded and the late payment penalties exceed 396 billion. |
The total amount recovered and the late payment penalties exceeds 396 billion. Specifically, with the 2018 inspection period, the Ho Chi Minh City Tax Department recovers the amount of VAT refunded of nearly VND 110 billion and the late payment penalty of more than VND 27 billion. For the inspection period 6-12 / 2019, the recovered amount is 221.6 billion VND and a penalty of 37.8 billion VND for late payment.
Thuduc House said that it does not agree with all the content that the Ho Chi Minh City Tax Department has provided in the working documents and inspection findings. The company fully complies with the law, purchases of goods at the national level and exports have full contracts, invoices with VAT and is paid through banks in accordance with the regulations.
The company said that since 2015, the company has expanded its import and export business activities. In 2018, the company signed a contract to buy and sell electronic components in the country and then export it to a foreign partner.
Some VAT refund files for this item in 2018 have been reviewed before and subsequently reimbursed by the Tax Department. For the period from April to December 2018, the Ho Chi Minh City Tax Department conducted a post-tax refund inspection and reached the conclusions on September 17, 2019, the company has fully met its obligations as per what is prescribed. .
On September 25, 2020, the Tax Department issued a notice requesting the re-supply of information and documents that serve the inspection for the tax refund periods of April-December 2018 that previously issued the investigation and administrative sanctions.
The company said that it is currently conducting complaint / claim procedures related to the above decisions and will update the official information when the final conclusion of the complaint / claim process is agreed.
At the same time, the decisions of the tax authorities also put great pressure on business operations and can generate liquidity risks, financial risks, potentially creating crises, with a great impact on psychology. work of hundreds of company employees.
In the December 30 trading session, TDH shares fell 4% to 10,900 dong / share with liquidity of more than 10.5 million shares, with a market value of more than 118 billion dong. This value rose more than 39% in December.
The amount recovered and fined more than 396 billion as above was almost equal to the earnings in the last 3 years. The biggest profit in the year that the company achieved was 178 billion dong in 2019.
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