- Tax Department urges acceleration in VAT refund processing.
- Tax sub-departments must support businesses and engage with associations and investors from April 15 to April 29, 2025.
- Issues beyond authority should be reported to the Tax Department for guidance.
- Approximately 86 percent of VAT refund applications under the refund first, check later category are processed within six working days.
- In 2024, 19,806 refund decisions were issued, totaling 156,941 billion VND, a 5 percent increase from 2023.
- In the first three months of 2025, 3,911 decisions were issued, totaling 31,128 billion VND, a 6 percent increase from 2024.
- The results support businesses and investors in capital rotation and boost production, business, and export.
- Some localities still experience slow processing of VAT refund applications.
- Tax Department requires tax sub-departments to review and support businesses in tax declaration and refund application.
- Functional departments must review and categorize pending VAT refund applications, especially for key export items.
- Aim to resolve all overdue applications by the end of May 2025, except for high-risk cases.
- Taxpayers with good compliance history should receive timely refunds.
- High-risk applications require coordination with relevant authorities for verification.
Source: baochinhphu.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.
