- Vietnam is accelerating VAT refunds, aiming for a 90% pre-inspection refund rate by end-2026 and 95% in Q1 2027, up from 70%.
- Expedited refunds are planned for September, with fully automated processing set for December to support business cash flow and trade.
- By August 11, 2026, VAT refunds reached 111.726 trillion VND ($4.26 billion), up 32% year-on-year, across 11,627 approvals.
- The tax authority is using better data and risk-based controls to process remaining claims and reduce refund fraud.
Source: taxnotes.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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