HCMC Tax Authority Removes Obstacles to Speed Up VAT Refunds for Businesses

• Ho Chi Minh City tax authority is working to speed up VAT refunds for businesses.
• The tax department has convened a meeting with 56 businesses that have VAT refund-related complaints.
• Efforts are being made to verify and complete refund proposal documents in accordance with regulations.
• In September, the tax department refunded tax to 111 companies with a refund amount of VND579 billion.
• From January to September 2023, the tax department has refunded money to 740 establishments with a sum of VND4,651 billion.
• The department has resolved barriers for businesses with tax refund record problems.
• The tax department is carefully classifying tax refund dossiers of rubber and wood exporters to avoid fraud.
• The tax refund dossier of Samsung HCMC CE Complex Electronics LLC has policy problems and is being reported to the Ministry of Finance for further guidance.

Source: en.sggp.org.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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