Investor of Dong Dau Urban Area Project had his account forcibly seized
(Baonghean.vn) - This is information released from the Vinh City Tax Department. The reason the investor of Dong Dau Urban Area Project had his account forcibly seized was because he was late in paying additional money during the project's extended period.
In 2018, the provincial interdisciplinary inspection team inspected the Dong Dau Urban Area Project (in Xuan Trung block, Hung Dung ward, Vinh city) invested by Dai Hue Investment, Construction and Trade Joint Stock Company.
 |
| Perspective of Dong Dau Urban Area Project located at the project's border with Ton That Tung Street. Photo: Nhat Lan |
On March 3, 2020, in Report No. 505/DKT.DD3 reporting the results of the inspection of housing construction investment projects in 2018, the Inspection Team concluded that the Dong Dau Urban Area Project was behind schedule, the infrastructure was under construction and sketchy; many construction items such as apartments, supermarkets, meeting halls, etc. had not been implemented by the investor.
From Report No. 505/DKT.DD3 of the Interdisciplinary Inspection Team, dated April 8, 2020, in Decision No. 1085/QD-UBND, the Provincial People's Committee allowed to extend the completion progress of Dong Dau Urban Area Project for 20 months. ButProvincial People's CommitteeRequest Dai Hue Investment Construction and Trade Joint Stock Company to fulfill its responsibilities as an investor. In particular, it must pay additional money for the extension of progress.
Gloomy Dong Dau!
(Baonghean.vn) - Dong Dau is the name of the urban area located in the East of Vinh city, in Xuan Trung ward, Hung Dung ward. This project, once famous with the groundbreaking ceremony attended by representatives of the Ministry of Construction, is currently on the list of projects behind schedule, requiring inspection and handling...
This content is specifically stated by the Provincial People's Committee in Decision No. 1085/QD-UBND as follows: "Within 15 days from the effective date of this Decision, work with the Tax authority to pay the additional extended amount for the area of 42,700.1m2residential land and 879.8m2Business land (supermarket) due to delay in putting the land into use according to regulations".
 |
| At Dong Dau Urban Area Project, the infrastructure is under construction and is sketchy; many construction items such as apartments, supermarkets, meeting halls, etc. have not been implemented by the investor. |
Pursuant to Decision No. 1085/QD-UBND of the Provincial People's Committee and relevant legal provisions, dated December 2, 2020,Vinh City Tax DepartmentNotice No. 12625/TB-CCT on additional payment during the extended project period sent to Dai Hue Investment Construction and Trade Joint Stock Company.
Notice 12625/TB-CCT clearly states that the amount Dai Hue Investment Construction Trading Joint Stock Company must pay in addition is VND 2,046,046,458. Within 30 days from the date of signing the Notice of the Tax Authority, the full amount of additional payment must be paid within the extended project period according to the Notice. After the prescribed payment due date, each day of late payment will have to pay late payment interest according to the provisions of the Tax Law.
 |
| Notice No. 2753/TB-CCT dated March 3, 2022 of Vinh City Tax Department. Photo: Nhat Lan |
However, up to now, Dai Hue Investment Construction Trading Joint Stock Company has not yet paid the additional amount. In the most recent Notice of Vinh City Tax Department (Notice No. 2753/TB-CCT dated March 3, 2022), along with the additional payment of VND 2,046,046,458, Dai Hue Investment Construction Trading Joint Stock Company must also pay a late payment of VND 206,241,483 (the total amount to be paid to the State budget is VND 2,252,287,491).
 |
| A residential area in Dong Dau Urban Area. Photo: Nhat Lan |
A representative of the Vinh City Tax Department said that Dai Hue Investment Construction and Trading Joint Stock Company was late in paying the additional amount during the project extension period. Therefore, the Department has recently applied account enforcement measures. Because this measure has not yet brought results, the Vinh City Tax Department has reported and proposed that the Tax Department apply invoice enforcement measures against Dai Hue Investment Construction and Trading Joint Stock Company. "Currently, the Department is waiting for the Tax Department's response..." - the representative of the Vinh City Tax Department discussed.
