- The General Department of Taxation in Vietnam plans to implement IT applications to automatically classify value-added tax refund applications in the fourth quarter of 2023.
- The department has also established working teams to directly review and resolve difficulties in implementing VAT refund directives between the management agencies and businesses.
- The tax sector has proposed amendments to the VAT Law and Tax Management Law to relevant authorities to ensure effective management of VAT refunds.
- In the first nine months of 2023, the tax authorities resolved 2,352 VAT refund applications, totaling 8,949 billion VND.
- The tax sector aims to accelerate the VAT refund process to provide financial support and facilitate business operations.
- The tax authorities have issued 12,721 decisions on VAT refunds, totaling 98,606 billion VND, by the end of September 2023.
Source: baochinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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