- HCM City Tax Department collected VNĐ36.7 billion, unable to refund VNĐ127 billion
- Businesses urge government for stricter measures to expedite VAT refunds
- Fococev Vietnam awaiting VNĐ529 billion VAT refund since 2018
- Fococev initiated legal action against Tax Department for refund
- Sigma Co., Ltd. also concerned about delays in VAT refunds for foreign enterprises
- Experts warn delays in VAT refunds could lead to bankruptcy for timber companies
- Recommendations include permitting tax reimbursement upon contract signing and prioritising firms with good records
- National Private Economic Development Research Board urges tax authorities to expedite refunds within three months
- VCCI representative warns prolonged delays could lead to business closures
- Senior economist recommends streamlined procedures for tax refunds
- Tax Dialogue 2024 serves as a forum for feedback on tax policies and necessary amendments.
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.
