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Update news VAT
Complaining about cash flow, businesses propose automatic VAT refunds
Complicated procedures for VAT refunds have caused frustration among businesses as refund processes are often delayed for months or even denied. Enterprises are proposing an automatic refund mechanism for valid applications.
Vietnam to impose VAT on low-value express-imported goods
Vietnam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
