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Welding rod manufacturing enterprises have just been fined and arrears in tax of nearly 1 billion dong

On May 6, 2022, the General Department of Taxation issued a decision on the sanctioning of tax administrative violations for Industrial Steam JSC. Welding rod (stock code: SVG).

Specifically, SVT was fined more than 59 million VND, of which the penalty for false declaration leading to the lack of value added tax amount to be paid was more than 6.8 million VND, the penalty for incorrect declaration leading to the lack of corporate income tax was more than VND 6.8 million. 52.4 million dong.

At the same time, the enterprise also suffered tax arrears of more than 714 million dong, of which value added tax arrears was nearly 73.4 million dong, corporate income tax arrears was nearly 640.6 million dong. At the same time, the late tax payment that SVG was fined was nearly 131.8 million VND.

The amount of late tax payment above is calculated as of April 28, 2022.

In total, the amount of fines and arrears that SVG needs to pay is more than 905 million VND.

According to research, SVG, formerly known as SOVIGAZ Industrial Steam Company, is currently producing electric welding rods, industrial gases, medical gases, lamp earth, light powders (CaCO3) and products processed from earth lamp…

https://cafef.vn/doanh-nghiep-san-xuat-que-han-vua-bi-phat-va-truy-thu-thue-gan-1-ty-dong-20220510215606344.chn

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