HCM City shames late tax payers The Ho Chi Minh City Taxation Department has published the names of 333 firms that owe over VND299bn (USD12.7m) of tax in the area in August.   Van Phat Hung Company was in the second place with VND35.1bn According to the department, they have tried several measures such as subtracting the tax from the firms' accounts and revoking business licenses. SIDC Company was the biggest defaulter in August with VND35.7bn (USD1.5m) of tax arrears and had their business licence withdrawn. Van Phat Hung Company was in the second place with VND35.1bn and Cotec Construction Company followed with VND29bn (USD1.2m). The Taxation Department withdrew Cotec Construction Company’s business licence. Many other companies are also owing tens of billions of VND of tax arrears such as Khai Hoan Land Real Estate Company with VND27.3bn (USD1.1m) and Nhut Thanh Company with VND17.4bn. This is the third time HCM City Taxation Department has publicly shamed defaulters this year. They previously published the name of nearly 2,000 companies who owed nearly VND1.5trn (USD64m). In July, Hanoi Taxation Department also publicly named 331 firms owing taxes and land rental fees for a total of VND2.48trn (USD107m). Since early 2018, it has publicly named 690 companies who owned and still owe tax arrears. As of now, 198 companies have paid nearly VND47.60bn (USD2m) of VND1.47trn. dtinews.vn