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Update news tax refund
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.
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.
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.
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.
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.
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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.
VietNamNet Bridge – The delay in refunding VAT to enterprises has pushed a lot of them to death.