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Update news tax refund
Tax refunds worth trillions of VND
Tax bodies are working on problems related to VAT refunds in order to help businesses get money to invest in operations, following a dialogue held last week.
Cassava enterprises seek help from PM as GDT asks to verify foreign clients
The Vietnam Cassava Association has lodged a complaint to the PM, saying that a number of enterprises are facing a risk of going bankrupt because of issues related to VAT (value added tax) refunds.
Formosa gets VND13 trillion tax refund, GDT to stop preferential support
VietNamNet Bridge - Formosa Ha Tinh has received a tax refund worth VND13 trillion, proof that foreign invested enterprises (FIEs) can enjoy high incentives, experts say.
Businesses say they lack capital because of new tax refund regulations
VietNamNet Bridge - With no tax refund for inventories, businesses complain they will lack working capital for operations. The new regulation will take effect on July 1.
Asked to reimburse VAT refund, coffee enterprises shout for help
The taxation bodies have requested coffee enterprises to reimburse the VAT refund and reduced the tax deductions of hundreds of billions of dong. Enterprises have claimed to be innocent, vowing to fight to the last breath.
BUSINESS IN BRIEF 8/11
Footwear exports aim for US$8 billion; ÆON Japan invests in Vietnam; Businesses suggest tax, customs overhaul; FDI up 65.5% in 10 months; Hanoi to host 28th Asian Advertising Congress
Tax agencies disagree, businesses like fish on chopping board
VietNamNet Bridge – Businesses complain that they always meet with difficulties when getting tax refund, even though the VAT refund has been stipulated by the laws.
Complicated tax refund procedures put businesses against the wall
VietNamNet Bridge – The delay in refunding VAT to enterprises has pushed a lot of them to death.
