NEWSLETTER MAY 2017
Circular No. 31/2017/TT-BTC dated 18th April 2017 amending some articles of Circular No. 99/2016/TT-BTC guiding on VAT refund management According to this Circular, VAT refund to taxpayers shall be completed within 1 working day after the state treasury of province receiving a tax refund order from the tax office. In the past, maximum processing time for VAT refund to taxpayers was 3 working days. Circular No. 31 comes into force from 2nd June 2017. Official Letter No. 1873/TCT-TNCN (“OL 1873”) on compensation for breach of contract The General Department of Taxation issued OL 1873 on 10th May 2017, answering an...