Headlines 27/09/2021 15:00 CH

Measures to prevent fraudulent import/export VAT refunds are now in effect

Ngọc Ánh

On September 21, the General Department of Customs issues the Official Dispatch No. 4539/TCHQ-TXNK regarding management of VAT refunds.

According to this document, Tax Departments of provinces and cities are requested to implement several measures to strengthen activities of management and control of tax declaration, combat against fraudulent acts aimed at misappropriating VAT refunds.  

For instance, using customs practices or approaches towards imports and exports:  

- List and manage export businesses submitting VAT refund claims according to risk management criteria.  Closely check and oversee exports after required export procedures are completed.

- Strengthen documentary or physical inspections during the process of completing import procedures with the intention of lawfully detecting and imposing sanctions against any of the following suspicious activities:      

+ Falsely declaring or over-declaring export quantities; providing incorrect names and types of goods, abnormally over-declaring customs values of several exports of high value in export declarations;  

+ Using invalid documentation for completion of export procedures.

- Intensify the inspection of customs values of imports for use in investment projects that are granted import duty exemption and any suspicious act involving over-declaration of customs values with the aim of misappropriating input VAT refunds with domestic tax authorities.

For more details, please refer to the Official Dispatch No. 4539/TCHQ-TXNK dated September 21, 2021.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

1.002

More headlines

Most Viewed

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: info@ThuVienPhapLuat.vn

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status