Intensify inspection and prevention of VAT refund fraud in Vietnam

Intensify inspection and prevention of VAT refund fraud in Vietnam
Bao Ngoc

Recently, the General Department of Custom of Vietnam has Official Dispatch 4539/TCHQ-TXNK on management of VAT refund. Recently, the General Department of Vietnam Customs has Official Dispatch 4539/TCHQ-TXNK on management of VAT refund.

According to this Official Dispatch, in order to strengthen the management, strictly control the declaration, prevent fraud in order to appropriate the VAT refund, the General Department of Customs of Vietnam requires the Customs Departments of provinces and cities to implement a number of solutions:

- Make a list and manage VAT refund export enterprises according to risk management criteria; closely inspect and supervise exported goods that have undergone export procedures until the goods are actually exported to prevent goods from returning to the inland.

- Intensify customs value inspection for imported goods of investment projects exempt from import tax, showing signs of increasing customs value in order to increase the amount of VAT payable upon import to account to appropriate the input VAT refund at the domestic tax authority of Vietnam

- Provide domestic tax authorities with information about investment import shipments with a declared value higher than 20% compared to the reference price of identical or similar imported goods...

For details, see Official Dispatch 4539/TCHQ-TXNK of Vietnam promulgated on September 21, 2021.

 

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

128 lượt xem



  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
    E-mail: info@lawnet.vn
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;