VN pilots tax refunds for foreigners
24/01/2012 12:10 pm
Laws/Hanoi - The
Prime Minister has decided to pilot refunding of value-added-tax (VAT)
payments to foreigners in a bid to boost sales of local goods.
Under the newly-approved decision, if foreigners make purchases in Việt
Nam and exit the country through Nội Bài and Tân Sơn Nhất International
Airports between July 1, 2012 and June 30, 2014, they will enjoy VAT
refunds.
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Goods subjected to VAT refund have to belong to the list of VAT applications, exclude from the prohibited items list and have valid invoices at least VND 2 million and VAT refund registration statements within 30 days.
Commercial banks responsible for VAT refunds will have to pay the refund in advance in VND or foreign currency in line with the current exchange rates./.
Source: Chinhphu.vn
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• Vietnam to offer tax refunds for tourists (01/02/2012)
• VN pilots tax refunds for foreigners (24/01/2012)
• Vietnam mulls tax refund for foreigners (20/09/2011)
• Tourists to be given VAT refunds (14/09/2011)
• Decree on employing foreigners issued (24/06/2011)
• Businesses cry foul over taxes for foreigners (13/06/2011)
• Resident permits’ procedures for foreigners simplified (04/01/2011)
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