The
real estate sector accounts for 72.3 percent of the total unpaid taxes, worth
thousands of billions of dong, held by a large number of major businesses,
confirmed a chief tax official at a meeting Thursday.
Cao Anh Tuan, deputy head of the General
Department of Tax under the Ministry of Finance, attributed the huge tax debts
to the businesses’ loss-stricken operations under the sluggish real-estate
market.
Businesses operating in the real-estate
industry belong to the group with highest unpaid taxes, said Tuan.
“Many property projects have received land,
but were financially unable to clear the taxes and land using fee,” he said.
“Consequently, they owe land-related taxes
worth thousands of billions of dong.”
Real-estate giant Hoang Anh Gia Lai Group has
a total tax debt of hundreds of billions of dong due to the frozen market,
according to a report from the tax department.
Other businesses with high unpaid taxes
include the Thanh Cong Coal Corporation, Phu Yen Brewery Co, Vinashin, Hanoi
Construction Corporation, and Cavico.
However, Tuan said most of the tax debts of
businesses with troubling operations are collectable.
According to the tax department, the ratio of
collectable tax on total state budget collection in 2011 was 5.9 percent,
rising 0.8 percentage point compared to a year earlier.
Meanwhile, the ratio for bad debt was 1.1
percent, a 1-percent increase from 2010.
Tuoi Tre
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