Tag: stainless steel tax evasion

Vietnam imposes heavy tax penalties on POSCO VST for stainless steel sales

Sep 22, 2025

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by

Manya Dewangan

in Stainless Steel

Vietnam Customs has imposed around VND 249.8 billion ($11.5 million) in taxes and fines on POSCO VST for selling over 28,277 t of duty-free stainless steel domestically instead of for export from January 2020 to August 2023. The firm failed to report the change in usage in time, leading to additional tax and fine liabilities.…