Tightening Tax Refund Management, Facilitating Taxpayers
The General Department of Taxation has recently dispatched an official document concerning tax refund management: Applying information technology to 95 per cent of tax declaration, payment and reimbursement papers.
Tax authorities must make public tax refund data, have all tax refund records checked and have all taxpayer complaints resolved. They must ensure the publicity and transparency of provisions in the Law on Tax Administration, inspection processes, complaint settlement and VAT refund.
Tax departments must thoroughly grasp Resolution No. 71/NQ-CP released at the regular cabinet meeting in July 2016: “Check and rectify immediately VAT refund and propose tax refund in a quick, timely, convenient manner, facilitate taxpayers by refunding VAT first and examining later.” Regarding VAT refund management reform measures, the Ministry of Finance targets to have 80 per cent of VAT refund records reimbursed first and checked later by December 2016 (applicable to taxpayers without violations in two straight years).
VAT refund inspections must be checked on at least 20 per cent of early refunded records. Checks will be done in 12 months dating from the date on which refund decisions are issued. At least 90 per cent of refund applications will be settled in time and the overdue period cannot exceed five days.
Hien Hung
Vietnamese
