Post and Telecommunication Joint Stock Insurance Corporation was penalized and forced to pay more than VND 6.2 billion due to the false declarations and the use of illegal invoice
Post and Telecommunication Joint Stock Insurance Corporation (PTI) has been penalized and charged over VND 6.2 billion in tax arrears by the Hanoi Tax Department due to false declarations and the use of illegal invoices. Alongside these legal violations, the company's financial performance in the first nine months of 2025 declined significantly, with net insurance revenue dropping by 18.4% and net profit falling by 8% year-on-year. This downturn was driven by profit reductions in both insurance operations and financial activities.
Post and Telecommunication Joint Stock Insurance Corporation (PTI) has been penalized and charged over VND 6.2 billion in tax arrears by the Hanoi Tax Department due to false declarations and the use of illegal invoices. Alongside these legal violations, the company's financial performance in the first nine months of 2025 declined significantly, with net insurance revenue dropping by 18.4% and net profit falling by 8% year-on-year. This downturn was driven by profit reductions in both insurance operations and financial activities.
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