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 violations of tax law. According to the decision, the total amount of tax settlement is nearly 4.2 billion VND.

Tax authorities require VietABank to pay the full amount of tax owed to the budget - Photo: VAB

VietABank Joint Stock Commercial Bank (VAB) has just sent a notice to the Hanoi Stock Exchange about receiving a penalty decision from the General Department of Taxation.

Attached to the notice is the decision on administrative sanctions by the General Department of Taxation for violations such as: False declaration leading to and leading to a lack of tax payable.

At the same time, the tax authority also applied aggravating circumstances due to the bank's repeated administrative violations (false declaration but not leading to a lack of VAT payable).

Accordingly, VietABank was fined more than 614 million VND for false declaration leading to a shortage of tax payable, equivalent to 20% of the amount of tax collected.

In addition, this bank was also fined more than 35 million VND for false declaration that did not lead to tax arrears.

The tax authority requested VietABank to pay the full amount of tax owed to the budget, totaling more than 3.07 billion VND.

Of which, there are nearly 396 million VND in value added tax in 2023, nearly 2.68 billion VND in corporate income tax and more than 475 million VND in late tax payment.

According to the decision, the total amount of tax settlement is nearly 4.2 billion VND. The amount of late payment is calculated until February 11, 2025. Therefore, VietABank is responsible for calculating and paying the amount of late tax payment from this date according to regulations.

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

According to the information announcement of shareholders owning 1% or more of capital at VietABank 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.

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

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

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

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