blue-check Warning of fraudulent signs in VAT refund (in relation to exports/imports)

Dispatch No. 4539/TCHQ-TXNK dated September 21st, 2021 of the General Department of Vietnam Customs regarding management of VAT refund
Posted: 22/9/2021 2:15:36 PM | Latest updated: 29/9/2021 8:32:01 AM (GMT+7) | LuatVietnam: 5298 | Vietlaw: 529

To prevent fraudulent acts in VAT refund in relation to imports/exports, the General Department of Vietnam Customs requests Customs Departments of provinces/cities to enhance the interdisciplinary inspections (coordinating with Departments of Taxation, police, etc.) with regard to cases of goods showing these suspicious signs:

- Fictitious declaration of quantity of exports;

- Declaration of a quantity of exports greater than the quantity of goods actually exported

- Incorrect declaration of names or types of goods or declaration of extraordinarily increased customs value of certain types of high-value exports on customs declarations for exports (such as electronic parts, including: computer RAM, IC chips, main board chips, video graphics cards, memory cards, etc.);

- Use of invalid documents for completing procedures for exporting goods

- Imports of investment projects whose customs value is declared higher extraordinarily (value is 20% higher than the reference price of the like or similar goods) to increase VAT refunded.

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Published Vietlaw's Newsletter No. 529
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