Samsung to Receive $23.3 Million VAT Refund from Vietnam’s Ministry of Finance by April 15

• Samsung Electronics Vietnam will receive a VAT refund of 23.3 million dollars on April 15.
• The Ministry of Finance confirmed the refund, pending submission of necessary documents by April 10.
• Most tax refund dossiers are processed using a post-audit mechanism.
• Only a few enterprises undergo a pre-audit mechanism due to high-risk factors.
• Policy issues or high-risk cases are a small portion of annual tax refund dossiers.
• Tax authorities are improving processes and using IT to enhance tax management.
• A priority mechanism for compliant taxpayers is planned for faster refunds.
• Businesses are encouraged to provide feedback on tax law amendments.
• Samsung has been given specific instructions and committed to submitting documents by April 10.

Source: vir.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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