Expediting The Value Added Tax Refund For Enterprises

On 26 May 2023, the Prime Minister promulgated Official Telegram 470/CD-TTg on the continuing implementation of drastic and effective measures and tasks in order to ease difficulties for businesses ("Official Telegram 470"). Notably, thePrime Minister commanded the Ministry of Finance to urgently conduct appropriate examination and evaluation and urge the General Department of Taxation ("GDT") to take prompt actions, without any delay, to process the VAT refund dossiers submitted by taxpayers in a timely and effective manner.

Following the command of the Prime Minister in Official Telegram 470 in relation to VAT refund for businesses, the GDT issued several official letters ("OL"), including OL 2099/TCT-KK dated 26 May 2023, OL 2426/TCT-KK dated 15 June 2023, OL 2489/TCT-VP dated 19 June 2023 instructing the Directors