Over $650,000 VAT refunded to foreign visitors
Over 3,500 foreigners received VAT refund totaling VND15 billion (US$660,000) in the last six months, a year on year increase of nearly 50 percent, reported the Customs Division at Tan Son Nhat International Airport.
Foreign visitors discover Vietnam’s beauty
Most VAT refund items include sun glasses, cosmetics, handbags, clothes, footwear, cell phones and watches.
The Customs Divisions proposed duty free shops to seal off their sold goods by putting them in clear plastic bags.
Customs officials will examine the seals and goods marking. That will hasten VTA refund process and prevent frauds.
According to regulations, foreigners can get refunds of the VAT they paid on goods bought in Vietnam if they leave the country from Noi Bai International Airport in Hanoi or Tan Son Nhat International Airport in HCMC.
VAT Refund Procedure compiled by Minh Nguyen-CAV Team