Over 29 trillion VND in tax refunds issued

15:30 | 07/04/2025 Finance-Banking Follow Ven.vn on

According to the Ministry of Finance, the Tax Department issued 3,705 tax refund decisions in the first quarter of 2025, totalling 29.23 trillion VND (1.13 billion USD). This represents a slight increase, reaching 108% compared to the same period in 2024.

In terms of tax-refunded sectors, export activities accounted for the largest share. The Tax Department issued 3,423 refund decisions for exporters, with a total refund of 26.16 trillion VND, representing 89% of the total refunded amount.

Over 29 trillion VND in tax refunds issued

A citizen completes tax refund procedures at the Ho Chi Minh City Tax Department. (Photo: NGUYEN ANH)

Investment projects also saw a significant increase in tax refunds, rising by 139% compared to the same period in 2024. These projects received 159 refund decisions with a total refund of 2.92 trillion VND.

For cases eligible for “refund first, audit later”, the Tax Department refunded 17.32 trillion VND to taxpayers, accounting for 59% of the total refunded amount, an increase over the same period in 2024.

As for cases requiring pre-refund audits, typically first-time refund applicants or high-risk profiles, the Tax Department conducted thorough reviews and issued 928 refund decisions. These refunds totalled 11.91 trillion VND, making up 41% of the total refunded amount.

Source: en.nhandan.vn

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