Saturday, June 15,2024 - 2:34 GMT+7  Việt Nam EngLish 

Hoang Quan Real Estate (HQC) plans to pay all tax debt in Q1/2024 

 Sunday, March 10,2024

AsemconnectVietnam - After paying VND84.27 billion in taxes, Hoang Quan Real Estate Services and Trading Consulting Joint Stock Company (HQC code - HOSE) plans to pay the entire remaining amount in the first quarter of 2024.

Hoang Quan Real Estate Company said that on February 26, 2024, the Tax Department of Ho Chi Minh City has confirmed that Hoang Quan Real Estate Company has partially fulfilled its tax obligations with a value of VND84.27 billion, leaving more than VND48.1 billion unpaid.
The company aims to pay all tax debt in the first quarter of 2024 and actively bid and deploy new social housing projects to restore business operations and bring revenue and income for shareholders.
It is known that on September 14, 2023, the Tax Department of Ho Chi Minh City has notified Hoang Quan Real Estate Company that the total unpaid tax debt to the State Budget is more than VND133.6 billion.
Of which, the amount of taxes and other revenues as of August 31, 2023 is VND83.9 billion; The amount of late payment as of August 31, 2023 is VND49.69 billion.
The Tax Department of Ho Chi Minh City said the amount of tax debt incurred in August was VND39.2 million. In which, the entire amount is the amount of tax and other revenues arising.
"The amount of overdue payment that must be enforced for tax debt is more than VND133.5 billion," the Tax Department of HoChiMinh City emphasized the amount of enforcement money for Hoang Quan Real Estate Company.
Regarding business activities, in 2023, Hoang Quan Real Estate Company recorded revenue of nearly VND293 billion, an increase of more than 6% compared to the previous year and profit after tax of just over VND5 billion, a decrease of 73% compared to the previous year.
It is known that in 2023, Hoang Quan Real Estate Company sets a business plan with revenue of VND1,700 billion, an increase of 410.2% over the same period and expected profit after tax of VND140 billion, an increase of 644.7% compared to implementation in 2022.
Thus, at the end of 2023 with a profit of just over VND5 billion, Hoang Quan Real Estate Company only completed 4% of the after-tax profit target.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
 

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