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Understanding VAT Tax Refund in Vietnam: Eligibility, Requirements, and Process

  • Vietnam is an attractive destination for foreign companies
  • Value-Added Tax (VAT) is applicable to goods and services in Vietnam
  • VAT is collected at every stage of production and distribution
  • VAT can be calculated based on duty-paid value or selling price
  • VAT refunds are available to eligible taxpayers
  • Requirements for VAT refunds include submitting an application dossier and complying with tax laws
  • Corporate VAT refunds are available to businesses that meet specific criteria
  • Common issues with VAT refund applications include licenses, charter capital, and business operations
  • Mistakes on VAT refund applications can lead to delays or rejections.

Source: premiatnc.com

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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