- Total amount of VAT refunds in 2024 up to 27/10/2024 is 115.005 trillion VND
- VAT refunds for exports account for 90% of the total amount refunded
- Difficulties in VAT refunds include lack of specific regulations on related laws and interpretation differences among tax authorities
- Increase in fraudulent businesses for VAT refunds detected by police
- Challenges in verifying transactions due to limited resources and lack of investigative functions
- Some cases of fraudulent companies using fake invoices to claim VAT refunds may go undetected by tax authorities
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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