Accelerate VAT refunds in 2025

According to the Binh Duong Provincial Tax Department, in the first 4 months of 2025, the value-added tax (VAT) refund work has been effectively implemented by the unit with a quick refund time. Specifically, by the end of April, the provincial tax sector had issued 742 VAT refund decisions with a total refund amount of VND 5,390 billion, equal to 18.91% compared to the VAT refund estimate for 2025 approved by the National Assembly (the estimate for 2025 is VND 28,500 billion), equal to 173.5% compared to the same period in 2024.

Báo Bình Dương•20/05/2025

Of which, refunds for exports are 731 decisions with a total refund amount of VND 5,068 billion, accounting for 94.03% of the total refunded amount, equal to 163.80% compared to the same period in 2024; refunds for investment projects are 6 decisions with a total refund amount of VND 314 billion, accounting for 5.83% of the total refunded amount, equal to 300% compared to the same period in 2024; refunds for other cases are 5 decisions with a total refund amount of VND 7.8 billion, accounting for 0.14% of the total refunded amount, equal to 600% compared to the same period in 2024.

Currently, the provincial tax sector continues to request its affiliated Tax Teams to speed up the VAT refund process, creating favorable conditions for businesses and investors in production and export activities.

THANH HONG

Source: https://baobinhduong.vn/day-nhanh-hoan-thue-gtgt-nam-2025-a347288.html