- GDT issued Official Letter No. 1253/TCT-KK 2024 on 28 March 2024 regarding VAT refund management
- Tax departments instructed to enhance management and handling of VAT refunds in 2024
- Tasks include reviewing and gathering information on taxpayers who received VAT refund disbursement
- Developing a database of taxpayers applying for VAT refunds and relevant parties for risk analysis
- Extending tax audit and inspection plans to cover high-risk suppliers of businesses applying for VAT refund
- Coordinating with other authorities to prevent VAT refund policy abuse
- Transferring cases of VAT refund fraud to police for investigation and handling.
Source: assets.kpmg.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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