VATupdate

Share this post on

Effective Measures for Controlling Tax Declaration and VAT Refund: A Comprehensive Overview

  • General Department of Taxation requests tax authorities to refund VAT within their power and comply with the law
  • Proposal to exclude criminal liability for tax officials when businesses provide false information for VAT refund
  • Tax authorities required to inventory and review tax codes for timely control of taxpayers
  • Taxman detected cases of false or insufficient declaration and took measures to handle them
  • Tax agency received and processed over 6.2 million declarations in the first six months of 2024
  • Tax administrations continue to fine taxpayers for late submission of tax declarations
  • Ministry of Finance directed Taxman to perform VAT refund transparently and in accordance with the law
  • Tax authority issued 10,494 VAT refund decisions with a total amount of VND 76,355 billion by July 2024

Source: english.haiquanonline.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.

Sponsors:

VAT news

Advertisements:

  • AXWAY - VATupdate Banner