Thu Duc Trading hit with 450m dong in tax penalties, back taxes, and interest

Thu Duc Trading and Import - Export Joint Stock Company (TMC) has been fined VND 62,136,434 for administrative tax violations, following an audit by the Ho Chi Minh City Tax Department covering the years 2022 to 2023. The violations primarily stem from incorrect declarations leading to underpaid value-added tax, corporate income tax, and personal income tax. Specifically, the fines include VND 12,618,714 for value-added tax, VND 27,449,320 for corporate income tax, and VND 22,068,400 for personal income tax.

In addition to the fines, TMC is required to pay VND 310,682,172 in back taxes, comprising VND 63,093,572 for value-added tax, VND 137,246,600 for corporate income tax, and VND 110,342,000 for personal income tax. The company also faces late payment interest totaling VND 77,964,187, calculated up to November 11, 2025. This brings the total amount due for fines, back taxes, and late payment interest to VND 450,782,793.

TMC has committed to complying with the decision and will post the official resolution on its website. The company is required to remit all payments to the Ho Chi Minh City Tax Department's account within 10 days of receiving the decision.