The decision on administrative sanctions by the General Department of Taxation clearly states that the subject of the sanctions is Ha Do Group Joint Stock Company (Ha Do Company), located at 8 Lang Ha, Thanh Cong Ward, Ba Dinh District, ( Hanoi ), with Mr. Nguyen Trong Thong - Chairman of the Board of Directors - as the legal representative.

Of the total fine of VND 4.49 billion, there is nearly VND 4.12 billion in fines for false tax declaration leading to a shortage of tax payable (VND 4.05 billion in 2022 and more than VND 60.8 million in 2023); VND 373.6 million in fines for issuing invoices at the wrong time but not leading to late tax payment, with aggravating circumstances applied (repeated administrative violations); VND 1.083 million in fines for using invoices in violation of regulations (related to the party issuing the invoice abandoning the business address according to the conclusion of the People's Court of Phu Tho province).

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Ha Do Company just held an extraordinary general meeting of shareholders in 2024 on October 3. Photo: Ha Do Company

Regarding remedial measures, the General Department of Taxation requested Ha Do to pay the full amount of VND 1,051 billion in tax arrears to the state budget. Of which, there are nearly VND 984 million in corporate income tax and more than VND 67.6 million in value added tax in 2022 and 2023.

Along with that is 2,109 billion VND of late tax payment, including 2,097 billion VND of late payment of corporate income tax (2,083 billion VND in 2022 and 14,723 million VND in 2023) and nearly 11.9 million VND of late payment of value added tax in 2022 and 2023).

This late tax payment amount is calculated until September 25, 2024. Ha Do Company is responsible for calculating and paying the late tax payment amount from September 25 to the time of actual payment of the additional tax and fines to the state budget according to regulations.

"The total amount of tax settlement at Ha Do Company is 7,654 billion VND; the loss reduction is more than 13.15 billion VND", according to the decision of the General Department of Taxation.

Within 10 days from the date of receipt of the penalty decision, the company must complete the payment of the fine. Overdue payment will be subject to enforcement of the administrative decision according to regulations.

Ha Do operates in the fields of real estate, construction, energy investment and financial activities. The company is listed in the Top 500 Value-creating Enterprises in Vietnam in 2024 (Top Value500), in the Top 10 Value-creating Enterprises in Vietnam in 2024 in the Real Estate Developer group (Top Value10),...

On October 3, Ha Do Company (code HDG) held an extraordinary general meeting of shareholders in 2024, unanimously dismissing Mr. Nguyen Trong Thong from the position of Chairman of the Board of Directors according to his personal wishes; electing Mr. Le Xuan Long, member of the Board of Directors, as Chairman of the Board of Directors; appointing Mr. Nguyen Trong Minh to the position of General Director.