HCMC Tax Sector Takes Proactive Measures Against VAT Refund Fraud

• HCMC tax sector has taken proactive measures to prevent VAT refund frauds
• VAT refund delays have affected businesses’ production and activities
• VAT refund fraud cases have caused budget loss and inequality in business
• Recent court cases have exposed tax officials involved in VAT refund frauds
• Sale and purchase of VAT invoices have been detected, leading to investigations
• High-risk businesses regarding invoices have been identified and must explain their use
• VAT fraud cases have been discovered in the production of rubber, wood chips, and cassava starch
• Tax departments in other provinces have also uncovered VAT refund frauds
• Inspectors have collected over VND1,035 billion from tax fraud cases
• Slow implementation of risk management has contributed to delays in tax refunds
• Automatic classifying of VAT refund dossiers has been implemented to address the backlog of documents.

Source: vietnamnet.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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