VAT

Ho Chi Minh City Customs proposed to reduce VAT

09:54 | 20/03/2024 Regulations

VCN - Assessing the implementation of the policy of reducing the VAT rate by 2%, Ho Chi Minh City Customs Department said that in 2023, the amount of VAT reduced (corresponding to 2%) was implemented at the branches of the Ho Chi Minh City Customs Departm

3 recommendations of seafood businesses were promptly answered by the Ministry of Finance

09:46 | 29/02/2024 Import-Export

VCN - Recommendations of seafood enterprises on declaring, calculating and paying Value Added Tax (VAT) at the commercial business stage for scrap and discarded products; Invoicing for returned goods; VAT refund, has been specifically answered by the Mini

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

14:25 | 24/01/2024 Customs

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.

The Tax sector strives to implement value-added tax refunds

09:39 | 28/12/2023 Finance

VCN - According to data from the Declaration and Tax Accounting Department (General Department of Taxation), with the determination and urgency of tax authorities at all levels, the management of VAT refund has shown positive changes.

Unify and standardize tax refund dossier classification index to ensure accuracy

07:41 | 22/12/2023 Finance

VCN - On September 18, the General Department of Taxation issued Decision No.1388/QD-TCT applying risk management in classifying tax refund dossier by using information technology applications.

VAT reduction requires a combination of long-term solutions to support growth

17:38 | 21/11/2023 Finance

VCN - Responding to the opinions of National Assembly delegates on reducing value added tax (VAT), Minister of Finance Ho Duc Phoc said that this is only one of solutions and is effective in the short term, so it still needs long-term solutions for econom

Reducing VAT along with tax and fee supports helps stimulate demand, reduce costs, and increase profits

17:30 | 21/11/2023 Finance

VCN - According to the program of the 6th Session, Minister of Finance Ho Duc Phoc, authorized by the Prime Minister, presented a Proposal on reducing value added tax (VAT), with a proposal to continue implementing this policy in the first half of 2024.

Enhancing the application of risk management in tax administration and preventing tax loss

09:51 | 16/11/2023 Finance

VCN - Recent developments show that some taxpayers, exploiting the leniency of mechanisms and policies, have established companies mainly for illegal activities such as buying and selling fake invoices.

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

10:25 | 05/11/2023 Finance

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,

VAT proposed to reduce in the first half of 2024

14:41 | 18/10/2023 Finance

VCN - According to the Ministry of Finance Covid-19 pandemic has hit hard all aspects of life, economy and society. In the period 2020-2023, the Government has provided big supportive policies.

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

14:52 | 31/08/2023 Regulations

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.

Strict control of VAT refund to avoid fraud and loss of budget

10:36 | 14/08/2023 Finance

VCN - Thanks to the drastic action, in the first 7 months of 2023 (up to the end of July 27, 2023), tax authorities nationwide issued 9,800 decisions on VAT refund, equivalent to the refunded tax amount of VND 70,356 billion.

VAT refund achieves positive results

10:55 | 10/07/2023 Finance

VCN - Accordingly, the General Department of Taxation has requested tax authorities at all levels to urgently complete the tax refund inspection for tax refund applications, process tax refund for taxpayers in a timely fashion and in line with the law, pr

VAT reduction plan consistent with budget balance and goal of stimulating consumption

08:19 | 13/06/2023 Finance

VCN - The Minister of Finance said that we need to facilitate enterprises, enhance the capacity of enterprises, and increase the capacity of the economy. The facilitation of production and business of enterprises by removing obstacles, and creating a bett

The scope of subjects entitled to a 2% VAT reduction as proposed by the Government is appropriate

10:17 | 01/06/2023 Finance

VCN - When the Government made the above proposal, it had to be based on calculations and balances on specific impacts on many fields, and also based on experience from applying the VAT reduction policy in 2022.