The
Vietnamese government has decided to pilot a value-added-tax refund scheme for
foreign visitors in July in an attempt to boost sales of local products.
Foreigners who make purchases in Vietnam and
leave the country via Noi Bai Airport in Hanoi or Tan Son Nhat Airport in Ho
Chi Minh City will receive VAT reimbursements, according to statement on the
government’s website.
The goods are required to be brand new and not
on the list of prohibited items. A valid invoice with a value of at least VND2
million (US$95) and a tax claim statement are required.
Commercial banks selected to handle the tax
repayments are allowed to charge a service fee of up to 15 percent of the
refund value. The refund will be made in Vietnam dong and can be converted to
other currencies accordingly.
The pilot program will last from July 1, 2012
to June 30, 2014. Retailers must register with the authorities to join the
scheme, the government said in the statement.
Thanh Nien
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