NHS: Information on Tax Penalty

On December 31, 2014, Ninh Hoa Sugar Joint Stock Company received Decision No.2289/QD-CT by the Tax Department of Khanh Hoa Province regarding the tax penalty as follows:

-          Value-added tax, corporate income tax arrears: VND59,668,912

-          Amount of deferred payment of tax: VND11,434,581

-          Fine for false declaration, the lack of tax: VND19,573,508

Reason: The false declaration led to the lack of tax payment in 2009 and 2010. However, the Company recorded timely and sufficient transactions relating to tax obligations. 

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