Over VND 460 Billion Refunded in VAT for 5,400 Foreigners Exiting HCM City

• HCM City Customs Department refunded VAT worth over VND 460 billion for goods of about 5,400 foreigners on exit in the first four months of the year
• In April 2024, the department refunded VAT worth about VND 120 billion for goods of foreigners on exit
• The refunded amount for goods of foreigners on exit in the first four months of the year was over VND 32 billion
• Products carried by passengers mainly included watches, shoes, sandals, handbags, and cosmetics
• In 2023, the department refunded about VND 100 billion of VAT on goods worth VND 1,268 billion brought by foreigners and Vietnamese residing abroad on exit.

Source: english.haiquanonline.com.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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