Ho Chi Minh City Customs refunds nearly VND100 billion of VAT for foreigners

Ho Chi Minh City Customs refunds nearly VND100 billion of VAT for foreigners

VCN - In 2023, Ho Chi Minh City Customs Department refunded nearly VND 100 billion of value-added tax (VAT) on goods worth more than VND 1,268 billion for exit passengers.
Ho Chi Minh City Customs refunds over VND 4,000 billion in taxes for businesses

Ho Chi Minh City Customs refunds over VND 4,000 billion in taxes for businesses

VCN - In the first 10 months of 2023, Ho Chi Minh City Customs Department has refunded over VND4,000 billion in taxes to businesses.
Reducing VAT is a multi-target policy with a positive impact on the economy

Reducing VAT is a multi-target policy with a positive impact on the economy

VCN - Talking to Customs Magazine, economic expert Dinh Trong Thinh said that continuing to apply the policy of reducing VAT from 10% to 8% in the first six months of 2024 is a necessary solution to stimulate domestic consumption, lowering product prices,
Many proposals of seafood enterprises on VAT refund have been answered by the Ministry of Finance

Many proposals of seafood enterprises on VAT refund have been answered by the Ministry of Finance

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Ministry of Finance has directed to handle or advise the handling authority related to the petitions of seafood enterprises.
Imported processed products for export processing not subject to import tax refund

Imported processed products for export processing not subject to import tax refund

VCN - Accordingly, these products are eligible for tax refund when they have not been used, processed, and tax refund procedures will comply with the provisions of the Law on Tax Administration.
HCM City Customs refund about VND7 billion of taxes for exit passengers

HCM City Customs refund about VND7 billion of taxes for exit passengers

VCN - Accordingly, 1,152 foreigners and oversea Vietnamese residents have been refunded VAT of about VND7 billion.
VAT refund needs to be reviewed and verified

VAT refund needs to be reviewed and verified

VCN - Mr. Tran Quang Hai, Vice Chairman of Viet An Investment Group Joint Stock Company, said VAT refund is a key policy of the Party and State for farmers and the agricultural industry.
Customs effectively implements tax exemption, reduction and refund policies to support businesses

Customs effectively implements tax exemption, reduction and refund policies to support businesses

VCN - To promptly and effectively implement policies to support enterprises and business households under the Government's socio-economic recovery program, in the first eight months of the year, the Customs sector has effectively implemented tax exemption
Removing difficulties in VAT refund for investment projects

Removing difficulties in VAT refund for investment projects

VCN – The Ministry of Finance is submitting to the Government on issuing a Resolution to remove difficulties in valued added tax (VAT) refund for investment projects, especially large capital-intensive projects.
Revising regulations on VAT refund for foreigners upon exit

Revising regulations on VAT refund for foreigners upon exit

VCN – General Department of Customs is drafting a Circular revising Circular 72. / 2014 / TT-BTC on refunding VAT for goods purchased by foreigners and overseas Vietnamese in Vietnam upon exit
Tax refund for foreigners: Problems from the business of sales tax refund

Tax refund for foreigners: Problems from the business of sales tax refund

VCN- The VAT refund program for foreigners has been officially implemented by the Ministry of Finance since August 2014 as guided in Circular 72/2014 / TT-BTC.
Handling for declarations wrongly registered regime code

Handling for declarations wrongly registered regime code

VCN- According to the instruction from the General Department of Vietnam Customs, in order to implement tax treatment for these cases, the two periods should be specified.
Tax refund reached more than 19 trillion vnd

Tax refund reached more than 19 trillion vnd

VCN- In the first 3 months of 2017, the dossiers which were processed for refund of VAT were 4,218 dossiers, with a total amount of 19,081 billion vnd.
Effective tax management due to IT application

Effective tax management due to IT application

VCN - Up to now, the information technology application system of Taxation has contributed to the modernization of tax management.
No tax exemption or tax refund if enterprises do not manufacture

No tax exemption or tax refund if enterprises do not manufacture

VCN- In the case where enterprises do not manufacture or produce, they will not be allowed to enjoy tax exemption and tax refund when importing materials.
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