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The Ho Chi Minh City Tax Department has issued a notice to terminate administrative enforcement measures against Thuduc House (TDH). The measures being ended include halting customs procedures for exported and imported goods, suspending the use of invoices, and freezing bank accounts. The notice also refers to tax debt notices issued from December 2020 to April 2025 related to late payments totaling more than 365 billion dong.
TDH, a real estate company, has been involved in a criminal case concerning the smuggling of electronic components during 2017–2019.
In an appellate ruling dated May 3, 2024, TDH was required to repay more than 365 billion dong to the Ho Chi Minh City Tax Department. The amount corresponds to value-added tax that TDH had been refunded from February 2018 to June 2019 in connection with the smuggling of electronic components.
For the end of the 2025 financial year, TDH reported consolidated after-tax profit of nearly 110 billion dong, exceeding its plan.
TDH is scheduled to hold its annual general meeting of shareholders for 2026 on April 24, 2026.
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