Preventing refund fraud of value-added tax

Preventing refund fraud of value-added tax

Prevention of fraud and profiteering to appropriate value-added tax (VAT) refunds is one of the key tasks of the tax sector to prevent loss of revenue for the state budget.
“Lucky invoice” Program: Encouraging consumers to get used to civilized consumption

“Lucky invoice” Program: Encouraging consumers to get used to civilized consumption

Deputy Director General of Taxation Dang Ngoc Minh said that the “Lucky invoice” program is expected to create a mechanism to encourage consumers to get used to civilized consumption
Importers are entitled to tax refund when re-exporting unprocessed or processed goods

Importers are entitled to tax refund when re-exporting unprocessed or processed goods

VCN - The customs authority shall inspect 100% of re-exported goods and determine that if re-exported goods are previously imported goods, unused, processed and re-exported by the importers, the importers will receive a refund of the paid import tax.
Strengthen the review of dossiers, cases of tax refund, handling of overpaid tax

Strengthen the review of dossiers, cases of tax refund, handling of overpaid tax

General Department of Vietnam Customs has requested provincial and municipal customs departments to inspect, review shortcomings and carry out some specific solutions relating to tax refund
Are imported goods that have not been used, processed and must be re-exported subject to tax refund

Are imported goods that have not been used, processed and must be re-exported subject to tax refund

That is the question of Tuong Nguyen Import-Export Trading Service Co., Ltd. related to imported goods that have not been used, processed but must be re-exported (type code B13).
People are encouraged to submit tax finalization online

People are encouraged to submit tax finalization online

To submit tax declarations online, taxpayers need to register a tax transaction account with the Tax authority.
Developing a new tax refund process

Developing a new tax refund process

VCN – The General Department of Taxation held a virtual conference to collect opinions on a draft of a new tax refund process to replace the process issued under Decision 905 of the Director General of the General Department of Taxation.
Domestic tax collection in September falls sharply

Domestic tax collection in September falls sharply

The global economic situation in 2021 continues to be heavily affected by the Covid-19 pandemic and Vietnam is no exception. This has had a strong impact on the revenue collection of tax sector.
Regulating value-added tax refund for investment projects in exploiting natural resources and minerals

Regulating value-added tax refund for investment projects in exploiting natural resources and minerals

The Ministry of Finance proposes regulating more clearly VAT refunds for investment projects exploiting natural resources and minerals.
Clarify the procedure on tax exemption and refunds in the case of entrusted import for business

Clarify the procedure on tax exemption and refunds in the case of entrusted import for business

To facilitate for businesss' operations, the General Department of Vietnam Customs has removed obstacles in implementing tax exemption and tax refund procedures in the case of entrusted imports
Understanding and complying with the Ministry of Finance’s Circular 06 on tax administration for import and export goods

Understanding and complying with the Ministry of Finance’s Circular 06 on tax administration for import and export goods

VCN- At the same time, it also asks municipal and provincial customs departments to publicise and instruct the business community to comply with provisions in Circular 06.
Number of applications for tax refund before inspection increases

Number of applications for tax refund before inspection increases

VCN – Of 1,930 applications for tax refunds in October, HCM City Tax Department processed 1,158 applications subject to tax refunds before inspection with a refunded tax amount of VND 7,795 billion
Refund tax for imported good and then exported

Refund tax for imported good and then exported

To facilitate enterprises and give guidance on this issue to local customs units, the General Department of Vietnam Customs issued document No.6529/TCHQ-TXNK
Continue deploying system of tax exemption, reduction, refund and non-collection

Continue deploying system of tax exemption, reduction, refund and non-collection

The General Department of Vietnam Customs has requested to continue monitoring and completing the management information system on tax exemption, reduction
Many questions on typical import-export goods have been solved by HCM City Customs

Many questions on typical import-export goods have been solved by HCM City Customs

Saigon Port area 3 Customs Branch and the functional divisions of the HCM City Customs Department instructed and answered many questions of businesses
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