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Sunday, September 24, 2023
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VAT refund

Jan-Aug tax revenue lower than expected

HCMC – Vietnam's tax authorities have sounded the alarm over a concerning decline in tax revenue, indicating potential fiscal health issues. Tax revenue in the...

VAT refunds in HCMC decrease by half in H1

HCMC - The HCMC Tax Department processed 436 value-added-tax (VAT) refund requests in the first half of 2023, with a total amount of about VND2.4...

Tax authorities urged to accelerate VAT refunds for businesses

HCMC - The General Department of Taxation has requested local tax authorities to expedite the processing of value-added tax (VAT) refund requests by businesses. In...

Pending VAT refunds take toll on wood businesses

HCMC - Pending VAT refunds are having a negative impact on wood processing and exporting businesses, according to the Vietnam Timber and Forest Product...

VAT refund delays spell trouble for wood exporters

HCMC – Replanted-forest wood exporting businesses are finding it tough to claim VAT refunds, which have reached VND1,000 billion since January this year. The Association...

Thuduc House leader arrested for alleged tax fraud

HCMC – Nguyen Vu Bao Hoang, general director of Thuduc Housing Development Corporation (Thuduc House), and many of his subordinates have been arrested for...

VAT cut proposed to support businesses amid pandemic

HCMC - The Government's Private Economic Development Research Board and business associations have petitioned to halve the standard value-added tax (VAT) rate from 10%...

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