Vietnam probes five-star hotel for tax evasion

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The Ministry of Public Security's investigators launched a probe Wednesday into a five-star Ho Chi Minh City hotel's finances. 

 

They have suggested that the hotel failed to pay nearly VND15 billion (US$770,020) in taxes between 2003-2008.

 

HCMC Tax Agency recently found that the Equatorial Hotel made a series of violations like failing to paying over VND6.3 billion ($323,408) in taxes, and missing over VND8.5 billion ($436,344) when paying taxes over the years.

 

This prompted the agency to hand the case over to police for a criminal investigation.

 

The hotel is a joint-venture between Hoang Viet General Services Company and Hong Kong-owned Planergo Company.

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