HCM City: Electronic reimbursement records account for more than half of total records

	HCM City Tax Department: the tax collection reaches closer to the milestone of 100,000 billion VND in the first 4 months
	HCM City: collect arrears and sanction over 750 billion VND from tax inspection
	HCM City: Domestic revenue collection achieved over 68, 700 billion VND

Transactions at the HCM City Taxation Department.

According to the Ho Chi Minh City Taxation Department, in the first 5 months of 2018, it considered refunding VAT for 885 records, an increase of 5.11% over the same period, with the total amount refunded to people of VND 4,466 billion, a decrease of 37.64% over the same period.

Of which, the tax amount paid for export accounts for 88.61% of the total tax payment. The amount of refundable tax on investment and purchase of fixed assets accounts for 10.62% of total tax. The refund from petroleum accounts for 0.29% of the total refund, and other cases represent 0.48% of the total refund.

Notably, in recent years, the Ho Chi Minh City Taxation Department has stepped up the work of refunding VAT to businesses by electronic means. Only in the first 5 months of 2018, it has reached 444 records with the amount of VND 1.534 billion.

HCM City: Hundreds of thousands of invoices with identification codes are sent via tax authorities VCN – HCM City Tax Department is expanding electronic invoicing with the identification code system of the ...

In order to create favorable conditions for taxpayers, in the last months of 2018, the Ho Chi Minh City Taxation Department continued to expand electronic tax payment and electronic tax refund for businesses, to strive to complete the electronic refund of 70% of the dossiers of application for tax refund and make sure that at least 90% of your tax return is processed on time. The percentage of tax refund dossiers before the post-audits shall be at least 80%.