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VAT refund

VAT refunds surpass VND127 trillion in Jan-Nov

HCMC – Tax authorities had refunded VND127,783 billion worth of value-added tax by the end of November, achieving 68.7% of the estimate for tax...

VND2 trillion in VAT refunded to wood industry firms

HCMC – Wood industry enterprises, primarily woodchips and wood pallets exporters, have received value added tax (VAT) refunds totaling VND2 trillion as of today. According...

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...

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