Yeah1 was fined and had to pay nearly 1 billion VND in taxes.

Yeah1 Group Corporation (stock code: YEG) has just sent a document to the Ho Chi Minh City Stock Exchange (HOSE) reporting that the company has just received a decision on administrative sanctions for tax violations from the District 3 Tax Department.

Accordingly, the group was fined more than 150 million VND for false declaration leading to a shortage of value added tax (VAT) payable, false declaration leading to a shortage of personal income tax payable...

In addition, Yeah1 is owed VAT in 2021, personal income tax in 2020 with a total amount of nearly 668 million VND and late payment of 173.6 million VND.

In total, the amount of money that Yeah1 was fined and had to pay back taxes was 991 million VND.

YEG stock fluctuations in recent times. Source: Fireant

SmartInvest Securities Joint Stock Company (stock code: AAS) also sent a document to the Hanoi Stock Exchange (HNX) informing that the company was fined by the Hanoi Tax Department for violations in the process of tax declaration and payment.

Specifically, SmartInvest has falsely declared revenue not subject to VAT because the unit determined that revenue from goods sold was not subject to tax in March 2022 and the months from May 2022 to November 2022. The company also violated the determination of revenue subject to VAT.

The company also did not allocate input VAT to non-taxable revenue, declared and deducted invoices of businesses that abandoned their business addresses before the tax authority's announcement date, leading to an increase in the amount of VAT payable in 2021 and 2022.

In addition, this enterprise also committed the error of accounting for expenses that are not in accordance with regulations for corporate income tax.

From the above violations, Hanoi Tax Department has decided to collect, fine and fine SmartInvest Securities for late tax payment in the amount of 438 million VND.

At the end of April, Hanoi Beer - Alcohol - Beverage Corporation (Habeco, stock code: BHN) was also fined VND1.94 billion by the Large Enterprise Tax Department - General Department of Taxation; at the same time, it was forced to pay the full amount of tax arrears of VND13 billion and the amount of late tax payment of VND4.1 billion.

In total, the amount of money Habeco was fined, collected and paid for late tax payment was more than 19 billion VND.

The reason is that Habeco violated the deadline for submitting tax declarations; declared incorrect tax bases leading to a reduction in deductible VAT but not leading to a shortage of tax payable; declared incorrect tax bases leading to a shortage of tax payable but the economic transactions were fully reflected in the accounting system, invoices, and legal documents.

Source: https://nld.com.vn/mot-loat-doanh-nghiep-niem-yet-bi-truy-thu-va-phat-cham-nop-thue-196240522001704329.htm