| GENERAL DEPARTMENT OF TAXATION RECOMMENDS A NUMBER OF THE VIOLATING VALUE ADDED TAX REFUND TRICKS | 

Over the past time, the General Department of Taxation has promoted the inspection, examination, and closely coordinated with the customs agencies who have authority to manage the risks of value added tax refund (VAT). Thereby, some serious violations were discovered and tax violations were handled.

Therefore, on February 22, 2021, the General Department of Taxation issued Official Letter No. 429/TCT-TKT on VAT refund. Accordingly, the General Department of Taxation requires tax departments to review enterprises trading high-risk goods such as components, wood, agricultural, forestry and aquatic products, etc., especially related to VAT refund. 

The General Department of Taxation also requires tax departments not only to actively review similar cases for goods with high risk of VAT refund but also to publicize information about companies who violate tax laws, have illegal acts of buying and selling invoices to taxpayers to promptly prevent and handle similar cases. The General Department of Taxation emphasized that tax departments must report on their implementation results before March 5, 2021.