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Samsung to Receive $23.3 Million VAT Refund from Vietnam’s Ministry of Finance by April 15

  • Samsung Electronics Vietnam will receive a VAT refund of 23.3 million dollars on April 15.
  • The Ministry of Finance confirmed the refund, pending submission of necessary documents by April 10.
  • Most tax refund dossiers are processed using a post-audit mechanism.
  • Only a few enterprises undergo a pre-audit mechanism due to high-risk factors.
  • Policy issues or high-risk cases are a small portion of annual tax refund dossiers.
  • Tax authorities are improving processes and using IT to enhance tax management.
  • A priority mechanism for compliant taxpayers is planned for faster refunds.
  • Businesses are encouraged to provide feedback on tax law amendments.
  • Samsung has been given specific instructions and committed to submitting documents by April 10.

Source: vir.com.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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