'There are businesses that only sell bird's nests, but issue invoices worth over 30,000 billion'

At the regular Government press conference in July this afternoon, August 5, the press asked the leaders of the Ministry of Finance about the slow refund of value-added tax (VAT) due to the difficulty in proving the origin of goods.

'Có doanh nghiệp chỉ kinh doanh yến sào, nhưng xuất hóa đơn trên 30.000 tỉ' - Ảnh 1. — Enterprises reflect that VAT refunds are very difficult in reality.

The press also asked which agency is responsible for the late tax refund, and what is the total amount of late tax refunds to date?

According to Deputy Minister of Finance Nguyen Duc Chi, the VAT refund regulations are divided into two cases: refund first, check later and check first, refund later. Regarding the time limit, for cases of refund first, check later, the completion time is 6 days from the time the enterprise submits all required documents. For cases of check first, refund later, the completion time is 40 days.

The Ministry of Finance's leaders also said that in 2022, tax authorities nationwide refunded over VND150,000 billion in taxes, with more than 22,700 tax refund decisions. In the first 7 months of 2023, VND70,356 billion was refunded to businesses. Nearly 80% of tax refund cases according to classification belong to the group of refunds first, audits later.

Regarding businesses' reflection of slow tax refunds due to many difficulties in tax refund regulations, according to Mr. Chi, "on the part of state management agencies, once it is slow, the management agency must review, consider and make improvements, so that no one says it is slow anymore."

Specifically, legal regulations and implementation procedures will be reviewed to shorten the time and meet the requirements of society and businesses.

Regarding specific solutions, the tax sector is building big data on businesses, proactively screening risky businesses first - that is, businesses must check first and refund later.

“There are businesses that only sell bird’s nests, but issue invoices with revenue of over 30,000 billion, which clearly needs to be checked. If it is legal, the tax will be refunded very quickly,” Mr. Chi gave an example.

The leaders of the Ministry of Finance also affirmed that they will enhance discipline, strictly handle cases that cause difficulties for businesses, and also resolutely handle tax refund fraud.

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