Refrigeration Electrical Engineering Corporation received the decision of tax inspection by the Taxation Department of Ho Chi Minh City dated October 26, 2018 regarding the tax penalty as follows:

1. Value added tax arrears:

-       In 2015: VND197,276,924

-       In 2016: VND400,786,892

2. Corporate income tax arrears:

-       In 2016: VND394,430,000

-       In 2017: VND7,016,956,391

3. Penalty for false declaration of Value added tax:

-       In 2015: VND39,455,385

-       In 2016: VND80,157,378

4. Penalty for false declaration of Corporate income tax:

-       In 2016: VND78,886,000

-       In 2017: VND1,403,391,278

5. Late payment of Value added tax:

-       In 2015: VND6,269,222

-       In 2016: VND18,797,661

6. Late payment of Corporate income tax:

-       In 2016: VND66,619,227

-       In 2017: VND416,807,210