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Addressing VAT Refund Procedures: Legal Solutions for Investment Environment Stability

  • Problems in VAT refund procedures discussed at 2024 Business and Law Forum
  • Participants believe unresolved issues will hinder business and affect investment environment
  • Suggestions made to simplify procedures and clarify responsibilities of tax officers
  • Concerns raised about multi-round examination and inspection scheme causing difficulties for enterprises
  • Proposal to punish violations at different stages instead of placing responsibility on tax authorities and officers for all violations
  • Complaints about issues with buying and selling invoices and impact on tax officers’ behavior
  • Proposal to include provisions about responsibilities of tax officers in new VAT law to address issues in tax refund process

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.

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