Food processor clobbered by hefty tax bill

09:11, 09/11/2012

Food and beverage giant Interfood (IFS) will have to pay almost VND12 billion (US$574,000) in penalties and back taxes for 2007-09 following a decision by the Dong Nai Tax Department, the company announced.

Food and beverage giant Interfood (IFS) will have to pay almost VND12 billion (US$574,000) in penalties and back taxes for 2007-09 following a decision by the Dong Nai Tax Department, the company announced.

The back taxes total early VND6.8 billion ($323,800), while the penalty is VND5 billion ($238,000).

(Source: VNS)