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OPC Pharmaceuticals (OPC) tobe fined and had tax arrears of more than VND1.18 billion 

 Monday, January 15,2024

AsemconnectVietnam - The General Department of Taxation has just decided to sanction tax administrative violations against OPC Pharmaceutical Joint Stock Company (stock code OPC - HOSE).

OPC Pharmaceutical Company committed false declarations leading to a lack of tax payable, as stipulated in Point a, Clause 1, Article 16 of Decree No. 125/2020/ND-CP.
Based on the violation, the General Department of Taxation has decided to force the full payment of the missing corporate income tax amount to the budget of VND917.8 million (it is VND88.3 million in 2021 and VND829.5 million in 2022); Late payment interest on corporate income tax is VND79.06 million.
Thus, the total amount of tax arrears, fines and late payment interest is more than VND1.18 billion.
"Within 10 days from the date of receiving the decision, Ms. Pham Thi Xuan Huong, General Director of OPC Pharmaceutical Company must strictly comply with the penalty decision and pay money to the State Treasury of Ho Chi Minh City", General Director The Tax Department emphasized.
According to research, OPC Pharmaceutical Company, formerly known as Central Pharmaceutical Enterprise 26 - OPC, was established on October 24, 1977. The main business areas of the enterprise include growing and processing medicinal herbs; Producing and trading in pharmaceuticals, supplies, machinery, medical equipment, chemicals, cosmetics, food and other products; Import and export of non-medicinal products.
Regarding shareholder structure, in the most recent shareholder update as of March 30, 2023, OPC Pharmaceutical Company has 4 major shareholders including PVI Opportunity Investment Fund owning 17.38% of charter capital; Shareholder Trinh Xuan Vuong owns 13.62% of charter capital; Vietnam Pharmaceutical Corporation - Joint Stock Company (code DVN - UPCoM) owns 13.4% of charter capital; Pacific Partners Joint Stock Company owns 12.86% of charter capital; and the remaining 42.74% of charter capital belongs to the group of shareholders owning less than 5% of charter capital.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
 

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