VietinBank becomes an agent for VAT refund in Con Dao

14:26 | 19/09/2016 Customs Follow english.haiquanonline.com.vn on

VCN- The General Department of Vietnam Customs has announced to Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) that the Ministry of Finance chose the bank to become the agent for VAT refund for foreigners buying goods at Ben Dam international port, Con Dao.

	Nearly 1,400 billion vnd tax debt can not be retrieved
	Conditions for products processed from imported minerals to enjoy a 0% VAT rate
	The State Audit: Public debts remain within the acceptable level

vietinbank becomes an agent for vat refund in con dao

Illustrative photo.

VietinBank was selected to become the agent for VAT refund at Ben Dam international port, Con Dao as defined in Article 1 and Article 15 of Circular 72/2014/TT-BTC regulating conditions of banks to become agents for foreigners’ VAT refund. Besides, the State Bank of Vietnam required commercial banks to have a great capacity, credibility and effective operations to become agents for VAT refund.

Accordingly, Vietinbank is responsible for coordinating with the General Department of Vietnam Customs, the General Department of Taxation and relevant units to comply with the provisions of VAT refund for foreigners according to Circular 72 / 2014 / TT-BTC.

On April 3, 2016, Ben Dam international port, Con Dao was classified as one of the international ports that could implement VAT refund for foreigners under Circular 26/2016 / TT-BTC on February 18, 2016 of the Ministry of Finance guiding the implementation of a number of preferential policies in Con Dao and Ba Ria-Vung Tau.

Tax incentives for enterprises for renovation of old condominiums

VCN- The Ministry of Finance will apply a 10% tax on the income of the enterprises investing ...

Currently, Vietinbank is the bank implementing VAT refund for foreign tourists at Tan Son Nhat international airport and Cam Ranh international airport.

By Thu Trang/ Hoang Anh

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Vietnam VietinBank agent VAT refund Con Dao Department customs international port

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