cHCM City refunds US$1.4 million of VAT for foreigners

Ho Chi Minh City has refunded over VND30 billion (US$1.4 million) of value added tax (VAT) to foreigners exiting Vietnam through the Tan Son Nhat International Airport border gate since July 1, 2012.

According to the city’s Customs Department, the sum was claimed by more than 8,000 foreigners for their goods paid at a total of nearly VND390 billion (US$18.6 million).

A majority of the goods were eye glasses, cosmetics, clothes, footwear, watches, computers, wallets and jewellery.

However, some problems have been mentioned, including the processing time for tax refund and inadequate information printed on tax returns.

This prompted the Customs Department to ask the Ministry of Finance to standardize the processing time, define concrete responsibilities of goods sellers, and organize regular training courses for customs staff.

It has also proposed the application of a single tax refund solution across the country to make the refund processing easier.

Source: VNA

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.