About 5,400 foreigners are refunded VAT

VCN – In the first four months of the year, HCM City Customs Department has refunded Value-added tax (VAT) worth over VND 460 billion for goods of about 5,400 foreigners on exit.
Proposal to continue reducing VAT by 2% to support people and businesses Proposal to continue reducing VAT by 2% to support people and businesses
Businesses and people expect VAT cut extension to be approved Businesses and people expect VAT cut extension to be approved
About 5,400 foreigners are refunded VAT
An officer of Tan Son Nhat International Airport Customs Branch implements VAT for goods of foreigners on exit. Photo:T.H

According to HCM Customs Department, in April 2024, the department refunded VAT worth about VND120 billion for goods of foreigners on exit or the revenue of over VND8.3 billion.

In the first four months of the year, HCM Customs Department refunded VAT for goods worth VND 460 billion of 5,400 foreigners on exit, with the refunded amount of over VND 32 billion.

Products carried out by the passengers mainly are watches, shoes, sandals, handbags, cosmetics...

In 2023, HCM City Customs Department refunded about VND100 billion of VAT on goods worth VND1,268 billion brought by foreigners and Vietnamese residing abroad on exit.

By Le Thu/Ngoc Loan

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