Hoa Binh Takara fined for tax declaration errors

Hoa Binh Takara Joint Stock Company announced on November 12, 2025, that it received a decision from the Ho Chi Minh City Tax Department imposing an administrative penalty. The decision addresses inaccurate declarations of Value Added Tax (VAT) and Corporate Income Tax (CIT) that resulted in underpaid taxes, covering the period from 2017 to 2024.

The company has been fined VND 38,827,510, representing 20% of the underpaid tax amount. Additionally, Hoa Binh Takara is required to pay VND 33,125,674 in overdue VAT and VND 248,429,987 in overdue CIT. Late payment interest also applies, amounting to VND 12,775,895 for VAT and VND 117,361,856 for CIT, calculated up to October 22, 2025.

The total amount to be paid includes the fine, overdue taxes, and late payment interest. The company is responsible for calculating and remitting any further late payment interest accrued from October 22, 2025, until the date of actual payment.