False tax declaration, Viet Nhat Health was fined and had to pay back nearly 13 billion VND

ANTD.VN - Vietnam - Japan Medical Investment and Development Joint Stock Company was discovered to have made a series of false declarations leading to a shortage of value added tax and corporate income tax payable, according to the inspection conclusion of the Tax Department.

Vietnam - Japan Medical Investment and Development Joint Stock Company (stock code: JVC) has just been fined by the Hanoi Tax Department for administrative violations of tax regulations due to false declaration leading to a lack of tax payable.

Viet Nhat Medical Investment and Development Joint Stock Company is a business that supplies medical equipment to many large hospitals.

Specifically, Viet Nhat Medical declared input VAT on invoices for purchasing goods and services of units that had abandoned their business addresses; incorrectly declared revenue and output VAT; incorrectly declared adjustment targets; under-allocated non-deductible input VAT for revenue not subject to VAT...

Not only that, this enterprise also declared the cost of purchasing goods and services from units that had abandoned their business addresses; recorded the cost of pre-deducting payables to employees but in reality did not spend all of it; recorded the payment to shareholders (including principal and interest) in the operating costs of the association during the period not in accordance with regulations...

These violations lasted from 2018 to the end of 2023.

For the above violations, the Hanoi Tax Department fined Viet Nhat Medical Investment and Development Joint Stock Company more than 1.9 billion VND. At the same time, the company was also charged with unpaid tax of 9.5 billion VND and over 1.4 billion VND in late payment fees.

Thus, the total amount of tax arrears, fines and late payment fees of this enterprise is up to nearly 13 billion VND.

Source: https://www.anninhthudo.vn/ke-khai-sai-thue-y-te-viet-nhat-bi-phat-truy-thu-gan-13-ty-dong-post605013.antd