Vietnam’s VAT Refund Optimization: Strategic Approaches and Best Practices

Vietnam's tax landscape can be challenging, particularly with Value Added Tax (VAT) refund procedures. These processes involve strict compliance and extensive documentation, posing challenges for foreign businesses. Despite recent efforts by the Ministry of Finance to address these issues and attract more foreign investment, only 37% of the planned VAT refunds were processed in the first half of 2024, indicating the need for further attention.

International investors should understand the specific requirements and develop tailored strategies to manage VAT and CIT refunds effectively, ensuring compliance and optimizing cash flow.

In an upcoming webinar, Luy Doan, Tax expert and Patricia Aranguren Moliner, International Business Advisor at Dezan Shira & Associates will discuss the VAT refund procedures in Vietnam, covering the regulatory framework and practical steps for successful claims by foreign enterprises.

Key takeaways:

• Brief actual VAT refund status of the first 6 months performed by the tax authorities
• Introduce types of VAT refunds applicable to foreign enterprises
• Documentation and compliance requirements for successful refund claims
• Common challenges faced by foreign businesses and how to overcome them
• Regulatory updates and potential changes in the near future

This webinar is FREE of charge.

For any questions or concerns, please contact Julia Goeb at julia.goeb@dzshira.com. We look forward to having you join us in this webinar and answering any questions you might have on the subject.