Dong Nai Tax Department quickly processes tax refund dossier for enterprises

VCN - Dong Nai Customs Department has implemented e-tax refund for enterprises and residents in a quick manner, ensuring compliance with the tax law.
Dong Nai Customs makes an important contribution to the economic development of the province
Dong Nai Customs: understand the business situation to develop effective support solutions
Dong Nai Tax Department quickly processes tax refund dossier for enterprises
Officers of Dong Nai Tax Department at work

Mr. Dau Duc Anh, Deputy Director of the Dong Nai Tax Department, said that in the first five months of 2023, the department processed VAT refund for 997 records, with a VAT refund of VND6,292.8 billion. The department also performed pre-checks for VAT refund for 135 dossiers, worth VND 851.9 billion.

The quick tax refund in accordance with the provisions of the Law on Tax Administration has facilitated enterprises to quickly turn around capital, improve efficiency in capital use, and contribute to the development of production and business, and goods exports

In addition, there are still a number of tax refund applications of enterprises operating in risk sectors. The Tax authority has to check and verify input invoices, even identify the origin documents and invoices of purchased goods.

Following Official Dispatch No. 470/CD-TTg of the Prime Minister, Official Dispatch No. 5427/BTC-VP of the Ministry of Finance, the General Department of Taxation has issued Official Dispatch No. 2099/TCT-KK dated 26 May 5, directing local tax authorities to promptly process dossiers eligible for VAT refund.

The direction has shown the drastic performance of the leaders of the tax sector, especially the Director of the General Department of Taxation in supporting and removing difficulties and obstacles for taxpayers, and helping tax authorities to promote solutions to control VAT refunds to minimize VAT refund fraud.

After receiving the Official Dispatch from the General Department of Taxation, Dong Nai Tax Department has requested units to review all outstanding VAT refund dossiers, classify risk dossiers and promptly process dossiers eligible for VAT refund.

The department has required the units to promote the dissemination of legal policies, instruct procedures for VAT refunds for taxpayers. Strengthen the inspection and examination after VAT refund to detect the use of illegal invoices and profiteering from VAT refunds, etc.

However, Mr. Dau Duc Anh said that besides the advantages of implementation, the Dong Nai Tax Department also faced difficulties when processing VAT refund dossiers. There are acts of illegally buying and selling invoices across the country; establishing "bogus" businesses or operating in a short time or failing to operate at business address for illegally trading invoices, making false declarations of exported goods to appropriate VAT refunds, causing revenue losses.

Accordingly, the department will direct the whole unit to implement the VAT refund while ensuring compliance with tax law policies, and supporting the timely settlement of VAT refund for taxpayers to stabilize and develop production and business.

By Thu Diu/ Hoang Loan

Related News

Thai Nguyen Customs promotes investment attraction to the province

Thai Nguyen Customs promotes investment attraction to the province

VCN - After three years of putting the first factory into operation in 2021 in Yen Binh Industrial Park, Thai Nguyen, Trina Solar Group has just been granted an Investment Registration Certificate for a new factory in Thai Nguyen province to increase the total investment poured into the locality to about US$ 1 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023

Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023

The Vietnam Customs Statistics announced that in the second half of December, 2023 the total Vietnam’s exports of US dollars 16.31 billion and imports of nearly US dollars 13.66 billion resulted in a trade surplus of US dollars 2.65 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of December was over US dollars 29.98 billion, down by 1.8% as compared to the first half of December-2023. Furthermore, in 2023, Vietnam was in trade surplus of USD 28.3 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the whole year of 2023

Preliminary assessment of Vietnam international merchandise trade performance in the whole year of 2023

Highlights 1. According to trade statistics of Vietnam Customs, in December of 2023, a 0.3% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of the last month. Exports went up 1.1%, to US dollars 31.47 billion and imports decreased 0.6%, to US dollars 29.40billion in terms of month-on-month basis. As a result, there was a US dollars 2.06 billion surplus in Vietnam’s trade balance in this month.

Latest News

Vietnam acts to combat money laundering, terrorist financing

Vietnam acts to combat money laundering, terrorist financing

Deputy Prime Minister Le Minh Khai on February 23 signed a decision promulgating the national action plan to implement the Government's commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction.
Banks ask central bank to extend June 30 payment deadline

Banks ask central bank to extend June 30 payment deadline

Industry experts said the current challenging economic situation and difficulties faced by businesses severely affect their ability to meet debt obligations. As there are no shortcuts to resolving old bad debts, a significant number of newly classified bad debts, which should be expected on June 30 this year, will put tremendous pressure on the country’s financial sector, as well as businesses.
Efforts to remove obstacles to upgrade the stock market

Efforts to remove obstacles to upgrade the stock market

VCN - According to the sharing of Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission (SSC), in addition to completing the main criteria of international rating organizations in upgrading the stock market (TTCK), the State Securities Commission (SSC) continues to improve domestic regulations on the basis of researching international regulations and practices to promote Vietnam's stock market to develop in a sustainable direction, creating a favorable environment to attract international investors and foreign indirect investment capital flows.
The State Treasury implements nine key tasks in 2024

The State Treasury implements nine key tasks in 2024

VCN - The deployment of key tasks plan in 2024 (refer to the Plan) of State Treasury was issued to focus resources on completing tasks during the year and following the proposed strategies.

More News

SBV injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Vietnam Stock Exchange’s revenue down nearly 44% in 2023

Vietnam Stock Exchange’s revenue down nearly 44% in 2023

The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44% compared to the previous year.
Focusing on five tasks so that the securities industry continues to develop in the face of intertwined opportunities, challenges

Focusing on five tasks so that the securities industry continues to develop in the face of intertwined opportunities, challenges

VCN - Deputy Minister of Finance Nguyen Duc Chi raised five tasks that need to be focused in 2024 so that the securities industry continues to develop in the face of intertwined opportunities and challenges.
Prioritizing the allocation of public investment capital

Prioritizing the allocation of public investment capital

VCN - Public investment in 2024 continues to set a disbursement target of at least 95% of the total of more than VND657,000 billion of assigned public investment capital. Thus the task is to focus on allocating capital quickly and reasonably right from the beginning of the year.
6,144 retail petroleum stores issue invoices after each sale

6,144 retail petroleum stores issue invoices after each sale

VCN - According to the latest statistics of the General Department of Taxation, as of February 1, 2024, the country has 6,144 retail petroleum stores issuing electronic invoices after each sale.
PM Chính instructs action for stock market upgrade

PM Chính instructs action for stock market upgrade

Efforts have been made to attract investment and promote the image of the Vietnamese stock market, with the goal of upgrading it from frontier to emerging status.
Cai Mep – Thi Vai port gets very busy right from the beginning of Tet

Cai Mep – Thi Vai port gets very busy right from the beginning of Tet

VCN - Many mother vessels made landfall at Cai Mep – Thi Vai port (Ba Ria – Vung Tau province) in the early days of Dragon Year 2024 showing positive signs about the recovery of seaport activities.
Public offerings key to promoting corporate bond market: experts

Public offerings key to promoting corporate bond market: experts

To promote the professional corporate bond market, one solution is to focus on widespread public offerings of corporate bonds rather than private placements, said experts.
New policy may have adverse impacts on bancassurance

New policy may have adverse impacts on bancassurance

A new regulation on banning commercial banks from selling insurance together with banking services will negatively affect banks’ bancassurance revenue in the future, some analysts have claimed.
Read More

Your care

Latest Most read
Vietnam acts to combat money laundering, terrorist financing

Vietnam acts to combat money laundering, terrorist financing

Deputy Prime Minister Le Minh Khai on February 23 signed a decision promulgating the national action plan to implement the Government's commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction.
Banks ask central bank to extend June 30 payment deadline

Banks ask central bank to extend June 30 payment deadline

Industry experts said the current challenging economic situation and difficulties faced by businesses severely affect their ability to meet debt obligations. As there are no shortcuts to resolving old bad debts, a significant number of newly classified bad debts, which should be expected on June 30 this year, will put tremendous pressure on the country’s financial sector, as well as businesses.
Efforts to remove obstacles to upgrade the stock market

Efforts to remove obstacles to upgrade the stock market

VCN - According to the sharing of Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission (SSC), in addition to completing the main criteria of international rating organizations in upgrading the stock market (TTCK), the State Securities Com
The State Treasury implements nine key tasks in 2024

The State Treasury implements nine key tasks in 2024

The deployment of key tasks plan in 2024 (refer to the Plan) of State Treasury was issued to focus resources on completing tasks during the year and following the proposed strategies.
SBV injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Mobile Version