Nam Long Investment Corporation was fined and assessed nearly VND 2.2 billion in back taxes
Nam Long Investment Corporation (HoSE: NLG) recently received a decision from Regional Tax Department II, imposing administrative penalties and assessing back taxes totaling nearly VND 2.2 billion. The company was found to have incorrectly declared Value Added Tax (VAT) and Corporate Income Tax (CIT), resulting in a shortfall of payable tax. Additionally, Nam Long is required to reduce its deductible VAT and adjust its accumulated losses from 2023 to 2024.
Nam Long Investment Corporation (HoSE: NLG) recently received a decision from Regional Tax Department II, imposing administrative penalties and assessing back taxes totaling nearly VND 2.2 billion. The company was found to have incorrectly declared Value Added Tax (VAT) and Corporate Income Tax (CIT), resulting in a shortfall of payable tax. Additionally, Nam Long is required to reduce its deductible VAT and adjust its accumulated losses from 2023 to 2024.
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