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VAT refunds

Taxpayers call for stricter measures to accelerate VAT refunds

Taxpayers call for stricter measures to accelerate VAT refunds

The HCM City Tax Department has retroactively collected VNĐ36.7 billion, indicating that VNĐ127 billion cannot be refunded or offset. As of June 2020, the unresolved VAT amount has surged to VNĐ366 billion.
VAT cuts of 2 per cent to be extended

VAT cuts of 2 per cent to be extended

Total retail sales of consumer goods and services hit VNĐ524.6 trillion ($21.4 billion) in September, up 2.4 per cent month-by-month, indicating a recovery in demand.
VAT refund process needs simplifying: experts

VAT refund process needs simplifying: experts

Experts have urged simplifying the procedures to receive refunds on value-added tax (VAT) for foreign tourists.
ATM fees may rise after VAT refund denied

ATM fees may rise after VAT refund denied

Users of automated teller machines (ATMs) may have to pay increased fees, according to Phap luat Thanh pho HCM (HCM City Law) newspaper.
Phu Quoc airport to provide VAT refunds

Phu Quoc airport to provide VAT refunds

International tourists will receive value-added tax (VAT) refunds on goods they purchase in Viet Nam at one more airport, the Phu Quoc International Airport in the southern Kien Giang province.
VAT refunds at seven airports, seaports

VAT refunds at seven airports, seaports

After a two-year trial to refund VAT to foreigners at Noi Bai and Tan Son Nhat international airports, the Government has agreed to expand the practice to seven international airports and seaports starting from July 1, according to the Ministry of Finance.
HCM City strives to raise exports

HCM City strives to raise exports

The southern hub city of HCM is targeting an export turnover of US$29.23 billion this year, a 10 per cent increase over 2013, it has been announced.
Customs collect 7.27bn in taxes

Customs collect $7.27bn in taxes

The General Department of Customs collected nearly VND160 trillion (US$7.27 billion) in taxes and duties in the first nine months of this year, up 13.8 per cent year-on-year.
Visitors receive VAT refunds

Visitors receive VAT refunds

More than 3,700 foreign tourists have received VAT refunds worth VND12 billion (US$570,000) under a Government pilot programme, according to the customs department.