VietABank was fined and had to pay back taxes of more than 4 billion VND.

The General Department of Taxation has fined VietABank for administrative tax violations. According to the decision, the total amount of tax penalties is nearly 4.2 billion VND.

The tax authorities require VietABank to pay all outstanding taxes to the state budget - Photo: VAB

VietABank (VAB), a joint-stock commercial bank, has just sent a notice to the Hanoi Stock Exchange regarding the receipt of a penalty decision from the General Department of Taxation.

Attached to the notification is the administrative penalty decision from the General Department of Taxation for violations such as: Incorrect declarations that did not result in and resulted in underpayment of taxes.

At the same time, the tax authorities also applied aggravating circumstances due to the bank's repeated administrative violations (making false declarations but not resulting in a shortfall in VAT payable).

Accordingly, VietABank was fined over 614 million VND for incorrect declarations resulting in a shortfall in tax payments, equivalent to 20% of the amount of tax arrears.

In addition, the bank was fined over 35 million VND for making false declarations that did not result in tax evasion.

The tax authorities have ordered VietABank to pay the remaining outstanding taxes to the state budget, totaling over 3.07 billion VND.

This includes nearly 396 million VND in value-added tax for 2023, nearly 2.68 billion VND in corporate income tax, and over 475 million VND in late payment penalties.

According to the decision, the total amount of tax penalties is nearly 4.2 billion VND. The late payment penalty is calculated up to February 11, 2025. Therefore, VietABank is responsible for calculating and paying the late payment penalty from this date onwards as stipulated.

Regarding business performance, VietABank recorded after-tax profit of VND 876 billion in 2024, an increase of 18% compared to the previous year.

According to the shareholder information disclosure for those owning 1% or more of VietABank's capital from October 2024, Viet Phuong Investment Group Joint Stock Company is the largest shareholder, holding 65.9 million VAB shares, or 12.21% of the bank's charter capital.

Individuals associated with Viet Phuong Investment Group also own 41.18 million shares, equivalent to 7.63% of VAB's capital.

Another institutional shareholder in VietABank is Cu Chi Industrial and Commercial Investment and Development Joint Stock Company, which currently owns over 6.4 million VAB shares, equivalent to 1.2%.

The list also includes state shareholders, including Saigon Jewelry Company Limited (SJC), which owns over 14.93 million shares, equivalent to 2.77% of the capital, and the Ho Chi Minh City Party Committee Office, which holds 4.97% of VAB's capital.

Source: https://tuoitre.vn/vietabank-bi-phat-va-truy-thu-thue-hon-4-ti-dong-20250312141208832.htm