Subsystem in the VAT-RS System for Foreigners from August 5, 2020

00:14, 11/07/2024

This is a notable content in Decision 2096/QD-TCHQ of the General Department of Customs regarding the issuance of regulations on the data message format for information exchange between the General Department of Customs and commercial banks in the VAT refund system for foreigners, overseas Vietnamese who purchase goods in Vietnam and take them when leaving the country.

To be specific:, according to the Regulations issued together with Decision 2096, the value-added tax refund system for foreigners and overseas Vietnamese purchasing goods in Vietnam and taking them when exiting (VAT-RS system) includes the following subsystems:

- Sales Enterprise Subsystem: Used by sales enterprises to declare invoices issued to customers who request VAT refunds;- Customs Subsystem: Used by customs officers at border checkpoints tasked with confirming tax refunds for foreigners;- Information Exchange Subsystem with Banks: Responsible for exchanging information about confirmed refund invoices, refunded invoices, receiving invoice amendment information, and aggregating data inquiries;- Information Exchange Subsystem with the General Department of Taxation: Responsible for exchanging information on sales enterprises that refund VAT to foreigners, decisions on payments to commercial banks, and the amount of tax to be refunded to foreigners.

For details, see Decision 2096/QD-TCHQ, effective from August 05, 2020.

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