Customs at Tan Thuan Export Processing Zone fined Duc Thanh Wood over VND 1.1 billion for declaring incorrect import duty and VAT rates, which resulted in underpaid taxes on goods already cleared. The company said the error stemmed from inaccurate information provided by a supplier designated by a customer, which led it to misclassify the import type. After discovering the mistake, it asked customs for guidance on import classification, amended earlier declarations, and paid all taxes due. In the first half of 2026, net revenue was nearly VND 138.5 billion, down slightly, while after-tax profit exceeded VND 33 billion, up 3.4% and equal to 42.6% of the full-year target of VND 77.5 billion. Total assets as of June 30, 2026 were over VND 635 billion, up 14.9%, while total liabilities were nearly VND 279.7 billion, up 41.5%, including over VND 206.2 billion in loans and financial leases.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Gỗ Đức Thành bị phạt hơn 1,1 tỷ đồng do khai sai thuế suất
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