- HCMC tax sector has taken proactive measures to prevent VAT refund frauds
- VAT refund delays have affected businesses’ production and activities
- VAT refund fraud cases have caused budget loss and inequality in business
- Recent court cases have exposed tax officials involved in VAT refund frauds
- Sale and purchase of VAT invoices have been detected, leading to investigations
- High-risk businesses regarding invoices have been identified and must explain their use
- VAT fraud cases have been discovered in the production of rubber, wood chips, and cassava starch
- Tax departments in other provinces have also uncovered VAT refund frauds
- Inspectors have collected over VND1,035 billion from tax fraud cases
- Slow implementation of risk management has contributed to delays in tax refunds
- Automatic classifying of VAT refund dossiers has been implemented to address the backlog of documents.
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.
