Lang Son restaurant company suspected of concealing over VND 25 billion in revenue
Police in Vietnam’s Lang Son province say a restaurant company’s deputy director directed an employee to use six personal bank accounts to collect customer payments, allegedly concealing over VND 25 billion in revenue and causing over VND 1 billion in tax losses. Both have been charged and arrested, and the case has been referred to prosecutors with a recommendation to prosecute.
The economic police division of the Lang Son Provincial Police said it had completed its investigation file on suspected tax evasion by Vũ Xuân Trường, deputy director of the restaurant company Công ty TNHH Trọng Tín, and employee Đinh Thị Thanh Cúc. The file has been referred to the People’s Procuracy at the same level with a recommendation to prosecute. Police had previously charged and arrested both individuals.
Vũ Xuân Trường and Đinh Thị Thanh Cúc, who are suspected of tax evasion. Photo provided by the Lang Son Provincial Police.（VietVance）
According to Lang Son police, the company operates two restaurants in Lang Son city. Vũ Xuân Trường instructed Đinh Thị Thanh Cúc to open six bank accounts in her own name specifically to receive payments from customers at the company’s restaurants, keeping the revenue out of the company’s regular accounting records.
Police said the two allegedly concealed over VND 25 billion in revenue by failing to issue value-added tax invoices, declare the revenue or record it in the accounts, causing over VND 1 billion in losses to the state budget. The amounts and conduct are findings disclosed by police in their investigation; the case has reached the stage at which prosecution has been recommended.
Citing the case, Lang Son police reminded local individuals and businesses to register for tax as required by law, record all actual revenue, issue lawful invoices, and accurately declare and pay taxes.
Source: VietVance
