Economy

Nghe An Tax Department proposes to revoke business registration certificates of 2 real estate enterprises

Nguyen Hai • June 15, 2024 10:04

According to the Tax Department, the Nghe An Provincial Tax Department has just issued a document requesting to revoke the business registration certificates of two real estate companies for their procrastination in paying tax obligations.

Specifically, in Document No. 2947/CT-QLT dated May 30, 2024,Nghe An Tax DepartmentRequest the Nghe An Department of Planning and Investment to base on the 2019 Tax Administration Law, Decree No. 126/2020/CP of the Government detailing a number of articles of the Tax Administration Law; based on the tax payment obligation compliance situation of Long Cuong Real Estate Company Limited; tax code 2902059598 at the home address of Mr. Bui Dang Cuong (Block 4, Cau Giat town, Quynh Luu district) to proceed with revoking the business registration certificate of this company.

z5538308506464_ddf10a6859aa18a95fa3da0a98bb4999.jpg
Document requesting the revocation of the business registration certificate for Long Cuong Real Estate Company Limited by Nghe An Tax Department. Photo courtesy of Nghe An Tax Department

Similarly, in Document No. 2948/CT-QLN dated May 30, 2024, the Director of Nghe An Tax Department also requested the Department of Planning and Investment to base onTax Administration Lawand related Decrees and the tax compliance status of Lam Giang Company Limited; tax code 2902093052 with address at No. 39, Le Van Huu Street, Truong Thi Ward, Vinh City to revoke the business registration certificate for Lam Giang Real Estate Company Limited.

z5538308518251_4d11f032481a2d69447fea78c4473f90.jpg
Document requesting the revocation of the registration certificate of Nghe An Tax Department for Lam Giang Company Limited in Truong Thi Ward, Vinh City. Photo provided by Nghe An Tax Department.

The reason for the request for recovery is that both companies are slow in paying tax arrears. Before this notice, the Tax Authority had applied coercive measures as prescribed by law but still could not recover the tax arrears.

z5538350939828_3ba285214fc0da14ac84ed49c98bb4d2.jpg
Real estate brokerage activities that are not conducted through the floor and are not transparent to evade taxes cause losses to the budget. Illustration photo by Nguyen Hai

The Provincial Tax Department has also notified the Taxpayer that Long Cuong Real Estate Company Limited and Lam Giang Real Estate Company Limited are not operating at the registered address. Within 10 days from the date of receipt of the request for revocation from the Nghe An Provincial Tax Department, the Department of Planning and Investment is requested to revoke the business registration certificate in accordance with the prescribed procedures or notify the Nghe An Tax Department of the reason for not revoking./.

Nguyen Hai