Foreign passengers are refunded about VND34 billion of VAT

VCN – In the first four months of the year, HCM City Customs Department conducted procedures for VAT refunds worth about VND 34 billion for 4,680 passengers.
Government proposes National Assembly consider 2% reduction in VAT in coming agenda Government proposes National Assembly consider 2% reduction in VAT in coming agenda
Foreign passengers are refunded about VND34 billion of VAT
Foreign passengers are refunded about VND34 billion in VAT

One of the products of Duy Anh Fashion and Cosmetics Co., Ltd. is recognized for selling refunded goods to foreign customers.

According to HCM City Customs Department, in April, the department refunded VAT on goods bought by 1,390 foreigners and overseas Vietnamese on exit with a total tax refund of over VND10 billion.

In the first four months of 2023, HCM City Customs Department refunded VAT on goods carried by 4,680 foreigners and overseas Vietnamese on exit worth about VND34 billion.

The value of tax-refunded goods was over VND 414 billion. Goods eligible for tax refund were mainly clothes, shoes, bags, cosmetics, watches, personal effects, etc.

According to HCM City Customs Department, the number of passengers on entry and exit increases, so the number of passengers carrying goods on exit subject to tax refund will also surge, leading to an increase in passengers’ shopping activities.

By Le Thu/Ngoc Loan

Related News

Considering to impose 5% of VAT on fertilizers

Considering to impose 5% of VAT on fertilizers

VCN - Under the draft amended Law on Value-Added Tax (VAT), fertilizers are expected to be included in the category of goods subject to VAT at a rate of 5% to address the difficulties faced by domestic production enterprises and ensure that this item can compete effectively with imported products of the same type.
Fixing VAT rates with fertilizers brings dual benefits to "3 houses"

Fixing VAT rates with fertilizers brings dual benefits to "3 houses"

VCN - According to representatives of various businesses, the current regulations regarding value-added tax (VAT) rates on fertilizers have created significant challenges for these businesses. The proposed amendments to the VAT Law for fertilizers, if implemented, have the potential to alleviate many of these difficulties, providing enterprises with better opportunities to capture market share and foster a more equitable market environment.
Khanh Hoa Customs supports businesses and people with practical solutions

Khanh Hoa Customs supports businesses and people with practical solutions

VCN - Concretizing many contents in administrative procedure reform and applying many modern and strict measures are practical solutions to support people and businesses of Khanh Hoa Customs Department.
About 5,400 foreigners are refunded VAT

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.

Latest News

Lao Cai Customs collects VND 502 billion

Lao Cai Customs collects VND 502 billion

VCN – The revenue collected by Lao Cai Customs Department increases year-on-year but decreases month-on-month.
Two key tasks of digital transformation in 2024 of Customs industry

Two key tasks of digital transformation in 2024 of Customs industry

VCN - On May 28, 2024, the Director General of the General Department of Customs signed Decision 1254/QD-TCHQ on promulgating the Digital Transformation Plan of the General Department of Customs in 2024. In the Plan, the General Department of Customs set out many goals, tasks and solutions to create strong changes in the digital transformation of the entire industry, especially focusing on implementing the Prime Minister's recent direction on digital transformation in the field of customs and Digital Transformation Plan 2024 of the Ministry of Finance.
Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

VCN - Vietnam Customs has actively participated in negotiating and developing the ASEAN Harmonized Tariff Nomenclature (AHTN) to fulfill its obligations as a member agency. Customs Magazine interviewed Mrs. Dao Thu Huong (pictured), Deputy Director of the Import and Export Duty Department, General Department of Vietnam Customs, to better understand the results that Vietnam Customs has achieved in this work.
Hai Phong Customs processes nearly 250,000 declarations in May

Hai Phong Customs processes nearly 250,000 declarations in May

VCN -In May, the number of declarations processed at Hai Phong Customs Department increased compared to the previous month and the same period last year.

More News

AI application trend in customs management increasingly receiving attention

AI application trend in customs management increasingly receiving attention

VCN - AI application trend in customs management is increasingly receiving attention, said by Mr. Vu Tu Thanh (photo), Regional Deputy Executive Director, US-ASEAN Business Council (US-ABC) in an interview with Customs Magazine reporters on the sidelines of the 33rd ASEAN Customs Directors-General Meeting
ABF cooperates and exchanges information for the security and safety of international supply chain

ABF cooperates and exchanges information for the security and safety of international supply chain

VCN - ABF will cooperate and exchanges information related to Authorized Economic Operator (AEO) program, said by Micheal Cymbalista - Counselor of the Australian Border Force (ABF) in the Mekong Region on the sidelines of the 33rd ASEAN Directors-General of Customs Meeting.
Japan Customs applies modern technology to improve management efficiency

Japan Customs applies modern technology to improve management efficiency

VCN – Motivated by the Smart Customs Initiative, Japan Customs will apply modern technology to improve management efficiency of the Customs agency, said by Ms. Sahoko Shiga, Counselor of International Cooperation Division, Customs Division & Tariff Bureau, Ministry of Finance on the sidelines of the 33rd ASEAN Directors-General of Customs Meeting.
Cambodia Customs facilitates fastest movement of goods in transit

Cambodia Customs facilitates fastest movement of goods in transit

VCN – The General Department of Customs and Excise of Cambodia (GDCEC) facilitates goods in transit, prompting movement of goods within ASEAN, said by Mr. Kun Nhem – Minister Attached to the Prime Minister, Director General of the GDCEC on the sidelines of the 33rd ASEAN Directors-General of Customs Meeting.
Imported cars decreased, budget revenue of Ho Chi Minh City Customs encountered difficulties

Imported cars decreased, budget revenue of Ho Chi Minh City Customs encountered difficulties

VCN - Although the import-export turnover of taxable goods through Ho Chi Minh City border gates from the beginning of the year to the end of April 2024 increased, many items with high tax rates and large values ​​decreased, affecting revenue sources of State budget of Ho Chi Minh City Customs Department.
Focusing on human training to meet digital transformation requirements

Focusing on human training to meet digital transformation requirements

VCN - To implement the 2024 Digital Transformation Plan, the General Department of Customs proposed six groups of key solutions, including solutions on human training.
Master plan of border gate area needs to be linked with customs digital transformation

Master plan of border gate area needs to be linked with customs digital transformation

VCN - The land border gate system has developed rapidly in terms of quantity and scale, but to meet the requirements of modern management and facilitate border trade activities, it is necessary to continue building a master plan for the border gate area linked with digital transformation in the customs field.
Dong Nai Customs: Creative solutions to nurture source of revenue

Dong Nai Customs: Creative solutions to nurture source of revenue

VCN - The revenue collection result of Dong Nai Customs Department has shown positive signs. To achieve the goals of revenue collection, many creative solutions have been deployed to nurture sources of revenue and bring practical work efficiency.
Enhancing the effectiveness of e-C/O exchange, creating a favorable business environment

Enhancing the effectiveness of e-C/O exchange, creating a favorable business environment

VCN - Increasing administrative procedures conducted on an electronic platform is an effective approach to improving the business environment, creating favorable conditions, and promoting production and business activities. In this regard, the successful issuance of electronic C/Os between Vietnam and other countries is a significant effort to facilitate export-import growth.
Read More

Your care

Latest Most read
Lao Cai Customs collects VND 502 billion

Lao Cai Customs collects VND 502 billion

VCN - The revenue in May reached VND 99.9 billion, declining 33.5% month-on-month and increasing by 53% year-on-year.
Two key tasks of digital transformation in 2024 of Customs industry

Two key tasks of digital transformation in 2024 of Customs industry

VCN - On May 28, 2024, the Director General of the General Department of Customs signed Decision 1254/QD-TCHQ on promulgating the Digital Transformation Plan of the General Department of Customs in 2024. In the Plan, the General Department of Customs set
Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

Vietnam Customs proactively participate in negotiation and develop AHTN Nomenclature

Vietnam Customs has actively participated in negotiating and developing the ASEAN Harmonized Tariff Nomenclature (AHTN) to fulfill its obligations as a member agency.
Hai Phong Customs processes nearly 250,000 declarations in May

Hai Phong Customs processes nearly 250,000 declarations in May

VCN -In May, the number of declarations processed at Hai Phong Customs Department increased compared to the previous month and the same period last year.
AI application trend in customs management increasingly receiving attention

AI application trend in customs management increasingly receiving attention

VCN - AI application trend in customs management is increasingly receiving attention, said by Mr. Vu Tu Thanh (photo), Regional Deputy Executive Director, US-ASEAN Business Council (US-ABC) in an interview with Customs Magazine reporters on the sidelines
Mobile Version