After Metro, Honda Vietnam continues to be charged 182 billion VND in back taxes

After announcing the collection of hundreds of billions of dong from Metro Cash & Carry Vietnam, the leader of the Ministry of Finance said that the authorities continued to discover signs of violations at Honda Vietnam Company.

Illustration: Youtobe.com

In addition, at the regular Government press conference held on the evening of April 25, Deputy Minister of Finance Do Hoang Anh Tuan said that Honda Vietnam is an enterprise on the list of tax inspections and examinations of enterprises showing signs of violating the law.

According to Deputy Minister Do Hoang Anh Tuan, the authorities have collected taxes and fined Honda Vietnam a total of 182 billion VND.

Honda Vietnam's violations have not been specifically identified, however, the Ministry of Finance's leader said that there is still a "quite large" amount that Honda has not complied with.

“We have resolved the complaint according to the law but the unit has not yet complied,” said the Deputy Minister of Finance.

Thereby, Mr. Do Hoang Anh Tuan said that the authorities are taking measures according to the provisions of law to collect arrears from the above unit.

Previously, according to the announcement of the General Department of Taxation, since entering Vietnam in 2002, Metro Cash & Carry Vietnam declared losses for 12 years in its corporate income tax finalization declaration and only made a profit in 1 year, 2010, with an amount of 173 billion VND.

However, a representative of the General Department of Taxation affirmed that the inspection process at Metro Cash & Carry Vietnam discovered that "the cost paid to affiliated companies in Germany from 2001-2013 was quite large."

According to statistics, the cost of franchising with the company in Germany is 731 billion VND; the cost of salaries, bonuses and allowances for the board of directors and foreign experts paid to individuals through Metro Cash & Carry GmbH in Germany is also up to 699 billion VND...

In addition, the report of the General Department of Taxation also pointed out a series of other costs that must be adjusted such as: costs not serving production and business activities, costs of provisioning for inventory price reduction, costs of setting up provisions for bad debts that do not meet the conditions and procedures... with an amount of hundreds of billions of VND.

According to Vietnam+