Hung Hau Agricultural discloses tax penalties and VAT recovery

Hung Hau Agricultural Corporation (SJ1) disclosed on December 16, 2025, that it received two decisions from the Ho Chi Minh City Tax Department dated November 21, 2025. These decisions pertain to administrative sanctions and the recovery of tax refunds.

Under Decision No. 4242/QD-XPHC, the company is required to pay VND 5,693,535,687 for outstanding taxes and VND 4,865,208,330 for late payment interest. Additionally, the decision reduces the amount of deductible tax carried forward to subsequent periods by VND 273,689,625.

Decision No. 12681/QD-TPHCM mandates Hung Hau to refund VND 197,204,099 in value-added tax and pay VND 147,313,807 in late payment interest as of September 3, 2025. The company confirmed that all disclosed information is accurate and assumes full legal responsibility.