FLC forced to pay tax of more than 80 billion VND

Recently, FLC Group Joint Stock Company announced that it has received 19 decisions from the Hanoi Tax Department on tax enforcement. The total amount is more than 81.6 billion VND, of which the most is corporate income tax, personal income tax and late payment fees.

The main reason is that this company has been overdue for more than 90 days. The tax authority will deduct money from FLC's accounts at 19 banks. In case the company's account is less than the amount to be enforced, the banks must still deduct the remaining amount after deducting the minimum balance and continue to monitor and deduct the amount arising in FLC's accounts during the effective period of the decision.

Last August, FLC Group was also forced to pay nearly VND72 billion in taxes and fined VND11.5 million for late submission of personal income tax returns. At that time, the tax authorities took measures to withhold money and freeze bank accounts. About a month later, FLC was forced to stop using invoices due to overdue tax debts of more than VND325 billion.

FLC's current business situation and financial health are unknown because the company has not yet disclosed information from the fourth quarter of 2022 to the present. Recently, the Securities Commission decided to impose a fine of VND92.5 million because the company did not disclose a series of reports. FLC explained that it has not yet reached a consensus with the auditor on the audit opinion.

In addition, this company has not yet held its 2023 annual meeting. To date, the stock code FLC and all "family" stocks on HoSE have been delisted.