The Customs Department in the north central province of Ha Tinh has issued a decision to collect nearly VND5.49 billion (US$245,610) in tax arrears from Hung Nghiep Formosa Ha Tinh Company (FHS).
The amount includes VND4.99 billion import taxes and VND499 million value added tax. In addition, the company has to pay a penalty for late tax payment and administrative violations.
Under a recently post customs clearance inspection, the department inspected all documents related to export import activities of the company for the last five years of 2010-2015, conducted field surveys at the construction site of its steel mill plant and spotted the tax arrears.
