Update news VAT refunds
VietNamNet Bridge – The Ministry of Finance has proposed the Government add Phu Quoc International Airport to the list of airports allowed to refund the value added tax (VAT) for goods foreign visitors and overseas Vietnamese buy
Customs departments to tighten control of airport VAT refunds
VietNamNet Bridge – The General Department of Viet Nam Customs has instructed customs departments in Ha Noi and HCM City to strengthen the supervision of goods that are eligible for value added tax refunds at the cities' international airports
BUSINESS IN BRIEF 3/6
Foreigners, OVs to get VAT refunds as from July 1; Ford Vietnam gearing up to expand nationwide; Singaporean investors eye Vietnamese real estate market; VAMC sets annual target for debt purchases
Government revises VAT guidance
VietNamNet Bridge – In wake of the continued efforts by governments to bolster investment following the economic downturn, there has been a noticeable and stable rebound in FDI in Asia.
Trade fraud threatens VAT refunds
VietNamNet Bridge – Tax departments in southwestern provinces that share a border with Cambodia have warned about an increase in trade fraud relating to value added tax refunds during unofficial cross-border trading by newly-established enterprises.