Phuoc Son Gold sees business registration certificate revokedThe business registration certificate of Phuoc Son Gold Company Ltd. (Phuoc Son Gold), managed by Canadian Besra Inc.’s Vietnamese subsidiary, has been withdrawn, due to its delay in paying VND334 billion ($14.96 billion) in tax arrears. However, as of now, Phuoc Son Gold has yet to comply, forcing the authorities’ actions. Located in Phu Ninh district, Bong Mieu Gold was commissioned in 2006 and the Phuoc Son site in 2011. According to a source from the Quang Nam Tax Department, Viet A Bank, which holds 35 per cent of Phuoc Son Gold, volunteered as its tax debt guarantor. The Quang Nam Tax Department will consider giving the bank guarantee rights after it completes the dossier.

Source: VietNamNet News July 13, 2016 07:41 UTC