Comments collected to amend regulations on VAT refund for foreigners
Revising regulations on VAT refund for foreigners upon exit | |
Vietnam among top 3 ASEAN destinations for private equity investment | |
Not allow the enterprise to lodge complaints about tax refund |
Deputy Director General Nguyen Duong Thai addressed the seminar. Photo: H.D |
At the seminar, Deputy Director General of Vietnam Customs Nguyen Duong Thai said implementing the decision of the Ministry of Finance on the development of legal documents in 2019, the General Department of Vietnam Customs has chaired and coordinated with units of the Ministry of Finance to review problems of Circular No.72/2014/TT-BTC and develop the draft circular amending and supplementing Circular No. 72/2014/ TT-BTC, which has been completed.
The draft circular has been posted on the Government's portal, the Ministry of Finance’s website, the General Department of Customs’ website and has been sent to the ministries, sectors and People's Committees of provinces and cities and units in the Ministry of Finance and Customs sector for comments. Based on the comments of the units, the General Department of Vietnam Customs has revised the draft circular.
According to Deputy Director General Nguyen Duong Thai, the General Department of Vietnam Customs will assign two inspection teams to survey the implementation of the Circular at Ha Noi Customs Department and Ho Chi Minh City Customs Department and some enterprises selling goods with VAT refunds for foreigners in Ha Noi and Ho Chi Minh City after the seminar ends.
Mr. Luu Manh Tuong,Director of the Import and Export Duty Department, said that the draft has supplemented the rights and responsibilities of banks and businesses when participating, but it still ensures strict management, meets requirements as well as creates favorable conditions for foreigners. In particular, the amendment has also set up a VAT refund system, creating conditions for the Tax and Customs authorities to control VAT refunds.
Following the directions of the Deputy Director General on direct participation on contents of the draft circular. At the seminar, relevant units gave valid suggestions.
Representatives of the International Cooperation Department said that drafting agencies should learn from the experience of othercountries in the region and around the world to compare and find out advantages and disadvantages to complete the draft circular and ensure consistency withinternational practices.
In addition, units said that the draft should provide specific regulations on the time for tax refund before boarding. The General Department of Vietnam Customs proposed 30 minutes before departure, but others proposed one hour before boarding.
Representatives of the Department of Tax Declaration and Accounting under the General Department of Taxation, said that the VAT refund should be implemented by the coordination of five parties, including Tax, Customs, businesses, State Treasury and banks. Thereby, it needs to establish a close connection system. The General Department of Taxation will collaborate with the General Department of Vietnam Customs, especially instrengthening information to support taxpayers, hand out leaflets on tax refund at airports or tourist destinations.
For local customs departments, Mr. Phan Thanh Son, Deputy Director of Khanh Hoa Customs Department proposed to amend some words and articles in the draft.
This department proposes to supplement the subject of passenger by sea in point 6, Clause 1, Article 1 of the draft. Specifically, this provision should be based on the information on thevalid passport or immigration papers or shore passes for passengers by sea. The reason is that the tax refund is made at both the port and the airport.
In addition, some units have emphasized the importance of the supplementation of Article 4a on the VAT refund management system for foreigners, which is considered the key content of the draft, so it needs to remove shortcomings soon.
Risk management in VAT refund VCN- To ensure fairness and transparency in the management of Value-added tax (VAT) refund,in some cases, the ... |
A representative of VietinBank suggested that there should be a commitment on Tax refund and the time for tax refund for banks.Banks must use their money to refund tax and then will be reimbursedby tax agencies. But this takes time, even up to a year. Moreover, the tax refund form should be both in Vietnamese and English to help foreigners understand and avoid confusion.
Concludingthe seminar, Mr. Luu Manh Tuong said that the General Department of Vietnam Customs will review all comments to complete the draft circular and submit it to the Ministry of Finance soon.
Tuong also suggested that banks and businesses could send detailed documents to the General Department of Vietnam Customs to receive and update them into the draft.
Related News
Vietnamese, Chinese localities eye stronger border trade
14:43 | 31/03/2023 Import-Export
Opportunities for Vietnamese goods in foreign supermarkets
15:25 | 16/03/2023 Import-Export
Vietnamese longan sold well in Japan despite high prices
16:02 | 21/02/2023 Import-Export
Vietnamese entrepreneurs need to prepare for funding winter
16:16 | 20/02/2023 Import-Export
Latest News
Customs creates maximum facilitation for agricultural exports
15:56 | 07/06/2023 Customs
Goods imported from export processing enterprises must pay tax
14:50 | 10/04/2023 Customs
GDVC perform tasks in second quarter of 2023
09:47 | 06/04/2023 Customs
Facilitates import and export enterprises amid difficult context
09:46 | 06/04/2023 Customs
More News
Da Nang International Terminal a certified 4-star terminal
10:24 | 05/04/2023 Customs
Dong Nai Customs: understand the business situation to develop effective support solutions
13:27 | 04/04/2023 Customs
Lang Son: Import-export turnover grow 71%
09:53 | 03/04/2023 Customs
HCM City Customs Department facilitates and resolves difficulties for enterprises
09:51 | 03/04/2023 Customs
Lang Son: Goods rushing to border gate increases sharply, potential risk of congestion
10:33 | 02/04/2023 Customs
Bac Ninh Customs committees to listen and share difficulties with enterprises
20:34 | 01/04/2023 Customs
Ho Chi Minh City Customs removes obstacles for logistics businesses
20:33 | 01/04/2023 Customs
Bac Ninh Customs considers satisfaction of businesses to assess efficiency of customs reform
11:36 | 01/04/2023 Customs
HCM City Customs make efforts in budget collection
13:43 | 31/03/2023 Customs
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Customs creates maximum facilitation for agricultural exports
15:56 | 07/06/2023 Customs
Goods imported from export processing enterprises must pay tax
14:50 | 10/04/2023 Customs
GDVC perform tasks in second quarter of 2023
09:47 | 06/04/2023 Customs
Facilitates import and export enterprises amid difficult context
09:46 | 06/04/2023 Customs
Da Nang International Terminal a certified 4-star terminal
10:24 | 05/04/2023 Customs