The General Department of Taxation has just issued document No. 2489/TCT-VP to the Directors of the Tax Departments of provinces and centrally-administered cities, requesting them to expedite the processing of value-added tax (VAT) refund applications within their respective jurisdictions.
Previously, on May 26th, the General Department of Taxation issued Official Letter No. 2099/TCT-KK regarding the implementation of directives from the Prime Minister and the Ministry of Finance on VAT refund.
As of June 16th, tax authorities at all levels had issued 7,893 tax refund decisions, reaching 30% of the 2023 budget target and 88% compared to the same period in 2022. According to the General Department of Taxation, the progress in processing tax refunds remains slow and lower than in the same period of 2022.
To ensure the prompt and timely processing of tax refund applications for businesses, creating conditions to help businesses have financial resources to support production and business development; and at the same time striving to ensure that by June 30, 2023, the amount of VAT refunds is at least equal to the same period in 2022, the General Department of Taxation requests the Directors of the Tax Departments of provinces and centrally-administered cities to focus on directing the implementation of a number of issues.
Specifically, expedite the processing and resolution of VAT refund applications for taxpayers, while also ensuring that the processing of these applications is carried out fully and strictly according to the regulations in the VAT refund procedure issued with Decision No. 679 dated May 31st by the General Department of Taxation.
Furthermore, for eligible VAT refund applications, the Tax Department should promptly issue VAT refund decisions to businesses, ensuring compliance with the prescribed deadlines. For VAT refund applications that are not eligible or not eligible for a refund, the Tax Department should issue a written notification to the business stating that the refund is not granted, using form No. 04/TB-HT issued with Circular No. 80/2021/TT-BTC dated September 29, 2021, of the Ministry of Finance.
The above requirements are not only to ensure the prompt and timely processing of tax refund applications for businesses, creating conditions to help businesses have financial resources to serve production and business development; but also to strive to ensure that by June 30th, the amount of VAT refunds is at least equal to the same period in 2022.
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