- The Ministry of Finance is drafting a new circular on VAT refunds for goods carried by foreigners and overseas Vietnamese when leaving Vietnam.
- An integrated management system will be established for VAT refunds, managed by the Customs Department, connecting customs, tax authorities, commercial banks, and selling enterprises.
- Access to the system requires accounts issued by customs, and information exchange must comply with legal digital signature requirements.
- Foreigners and overseas Vietnamese (excluding flight crew and ship crew) are eligible for VAT refunds on qualifying goods and must ensure the accuracy and legality of their documents.
- Eligible individuals are entitled to guidance, must check invoice information, and are responsible for the accuracy of documents presented to sellers, customs, and banks.
Source: baochinhphu.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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