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VAT Refund is Congested because of Business… Handicraft

According to the National Assembly’s Committee on Finance and Budget, the major bottleneck in value-added tax (VAT) refunds is due to professional craftsmanship; complexity, overlap and too many warning texts; along with a lack of clarity about the scope of implementation; and especially the lack of uniform application of risk management in tax refund management…

  • Slower VAT refunds from 2022
  • The tax industry still does not have a risk management application
  • Definitively handle the backlog of applications

Source: thesaigontimes.vn

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