Ms. Ngo Kim Ngau at the investigation agency. Photo: Can Tho Police

Can Tho City Police on 27/9 prosecuted Ms. Ngau, 79, residing in Phu Loi ward, and prohibited her from leaving her residence. The action was taken to investigate her alleged tax evasion, a charge brought under Article 200 of the Penal Code.

Initial investigations reveal that in 2022, Ms. Ngau signed a land use right transfer contract for an actual price of 20 billion dong. However, when fulfilling her financial obligations, she declared the price as only 5 billion dong.

The investigation agency determined that Ms. Ngau’s actions caused a loss of 375 million dong to the State budget. This amount includes 300 million dong in personal income tax and 75 million dong in registration fees.

According to Article 200 of the Penal Code, acts of tax evasion from 100 million dong to under 300 million dong may result in a fine of 100 million dong to 500 million dong or imprisonment from three months to one year. For cases of tax evasion from 300 million dong to under one billion dong, penalties can include a fine of 500 million dong to 1.5 billion dong or imprisonment from one to three years.

An Binh