Homepage

Banking & Finance

April 10, 2025 | 15:00

VAT refunds worth $1.12 bln in Q1

Mỹ Văn

Export activities accounting for the largest share.

VAT refunds worth $1.12 bln in Q1

Tax agencies issued decisions to refund Value Added Tax (VAT) for businesses totaling nearly over VN29.2 trillion ($1.12 billion) as of March 23 this year, according to the Ministry of Finance.

The figure represents a year-on-year increase of 8%.

In terms of tax-refunded sectors, exports accounted for the largest share, with over VND26.1 trillion (over $1 billion) or 89% of the total, and surging 6% compared to the same period last year.

Meanwhile, investment projects got a refund of more than VND2.92 trillion ($112 million), accounting for 10% of the total and up 39% year-on-year.

 

Tags:

Most viewed

More in VET Exclusive

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
However, VnEconomy is not responsible for any translation by the Google Translate.

Google translate