Finding bank to implement tax refund at Da Nang airport and Phu Quoc airport

14:19 | 30/08/2019 Customs Follow english.haiquanonline.com.vn on

VCN – The General Department of Vietnam Customs sent a document to commercial banks coordinating with the General Department of Vietnam Customs for revenue collection to announce about finding banks to operate as VAT refund agents for foreign customers who bought goods and bring them along when they leave the country from two international airport in Da Nang and Phu Quoc.

VAT refund for foreigners at Danang International Airport.

The VAT refund at these two airports was implemented by Asia Commercial Joint Stock Bank, but the bank’slease contract with the tax refund desk has expired.

According to the conditions, the selected bank to implement VAT refund must meet the provisions of Article 1 and Article 15 of Circular 72/2014/TT-BTC providing conditions for selecting a bank to be a VAT refund agent for foreigners.

At the same time, it is responsible to coordinate with the General Department of Vietnam Customs, the General Department of Taxation and related units to comply with the provisions of VAT refund for foreign customers who buy goods to bring when leaving the country in accordance with Circular 72/2014/TT-BTC.

Vietnam has built a management system of VAT refund information for foreigners and it has been implemented. The system is built on the basis of the provisions of Circular No. 72/2014/TT-BTC dated May 30, 2014 of the Ministry of Finance.

Currently, foreign tourists that carry goods when leaving country through five international airports (Noi Bai, Tan Son Nhat, Da Nang, Cam Ranh, Phu Quoc) and four international seaports (Khanh Hoi, Da Nang, Nha Trang, Con Dao) will be refunded VAT.

Previously, banks such as BIDV, Vietinbank, Vietcombank, Agribank, Lien Viet Post Bank, Maritime bank also participated to operate as VAT refund agent at some international airports and seaports.

By Đảo Lê/Thanh Thuy

Tags:

Related News

Credit continues to increase at the end of the year, room is loosened to avoid "surplus in some places - shortage in others"

10:23 | 13/12/2024 Finance

VCN - Credit demand continues to increase at the end of the year, thereby helping banks compete through continuing to adjust interest rates appropriately.

Bad debt at banks continues to rise in both amount and ratio

09:20 | 25/11/2024 Finance

VCN - After nine months of 2024, bad debt balances at banks continue to rise, potentially posing risks to the banking sector if control measures aren't implemented.

Green credit proportion remains low due to lack of specific evaluation criteria

09:02 | 24/11/2024 Finance

VCN - According to the State Bank of Vietnam (SBV), as of the end of September 2024, 50 credit institutions had outstanding green credit balances exceeding VND 665 trillion, accounting for over 4.5% of the total outstanding loans in the economy.

Control of major shareholders in banks

09:25 | 16/09/2024 Finance

VCN - In compliance with the provisions of the Law on Credit Institutions 2024, banks have made public the list of information on shareholders owning 1% or more of shares. This is expected to block the “octopus tentacles” of cross-ownership.

Latest News

Researching and proposing amendments to 2014 Customs Law to meet the requirements of innovation

11:18 | 20/01/2025 Customs

VCN - After 10 years of implementation, the Customs Law has been effective in reforming administrative procedures and protecting national sovereignty. However, in the context of innovation requirements, it is necessary to continue reforming specialized inspections and focusing on digital transformation.

Hai Phong Customs implements solutions to facilitate trade

11:18 | 20/01/2025 Customs

VCN - In 2024, trade turnover of Hai Phong Customs Department saw a sharp increase compared to 2023 to more than US$132 billion.

Quang Ninh Customs strives to collect over VND17,800 billion in revenue in 2025

16:45 | 19/01/2025 Customs

VCN - In 2025, Quang Ninh Customs will implement effective solutions to prevent revenue loss through import-export management, ensuring accomplishment of the revenue collection goal under the assigned target (over VND17,800 billion).

Vietnam Customs overhauls customs valuation management

08:08 | 16/01/2025 Customs

VCN - The General Department of Vietnam Customs has recently issued a decision to promulgate an action plan for the implementation of the Customs Valuation Management Reform Project up to 2030 (hereinafter referred to as the Project), which has been approved under Decision No. 167/QĐ-TCHQ dated February 10, 2023, by the Director General of Vietnam Customs.

More News

GDVC answers questions for VBF enterprises

07:56 | 15/01/2025 Customs

VCN - The General Department of Vietnam Customs (GDVC) and the Vietnam Business Forum (VBF) jointly held a regular meeting to answer questions about customs procedures, tax policies, etc. for VBF member enterprises on January 10, 2025.

6 outstanding events of Vietnam Customs in 2024

07:55 | 15/01/2025 Customs

VCN - The General Department of Customs has just announced outstanding events in 2024, such as: successfully organizing the 33rd Meeting of the ASEAN Customs Directors-General; successfully completing the budget collection task; trade facilitation with a record trade turnover of over US$786 billion.

Da Nang Customs Department supports enterprises in developing Customs-Business partnership

13:07 | 09/01/2025 Customs

VCN – At the Conference on developing Customs-Business Partnership 2024 held by Da Nang Customs Department, Permanent Vice Chairman of the Da Nang People's Committee Ho Ky Minh highly appreciated the development of Customs-Business Partnership over the past time, bringing many practical benefits not only to businesses but also creating favorable conditions for Da Nang's goods to quickly access the international market, promoting the city's economic development.

Lang Son Customs finds it difficult to collect and handle tax arrears

15:13 | 07/01/2025 Customs

VCN - As of December 16, 2024, the total overdue debt for processed customs declarations at Lang Son Customs Department was more than VND180.7 billion, of which the unit conducted a charge-off debt of VND 93.9 billion. Although Lang Son Customs Department applied many measures, collection and handling of tax arrears is still a problem.

Customs reduces VAT under Resolution No. 174/2024/QH15

14:53 | 06/01/2025 Customs

VCN- The General Department of Vietnam Customs (GDVC) has sent an urgent dispatch to provincial and municipal customs departments to implement VAT reduction under Resolution No. 174/2024/QH15.

HCMC Customs: Outstanding performance across all operations

06:36 | 05/01/2025 Customs

VCN - On January 2, 2025, the Ho Chi Minh City (HCMC) Customs Department held its annual review conference to assess 2024 achievements and outline tasks for 2025. The event was attended by Vice Chairman of HCMC People's Committee Nguyen Van Dung and Deputy Director General of Vietnam Customs Dinh Ngoc Thang, who delivered keynote speeches.

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

14:28 | 03/01/2025 Customs

VCN - Facing mounting challenges in revenue collection, the Dong Nai Customs Department is stepping up efforts to secure its 2025 state budget targets through proactive measures and digital transformation.

Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

15:53 | 02/01/2025 Customs

VCN - Director General of the General Department of Customs Nguyen Van Tho said that the customs sector will focus on arranging and streamlining the apparatus, ensuring that the new apparatus can be put into operation immediately, without interruptions.