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    Home > Food News > Food Articles > Vietnam's General Administration of Taxation plans to strictly investigate the export tax rebate of cassava starch exported to China, causing panic in the Vietnamese cassava industry

    Vietnam's General Administration of Taxation plans to strictly investigate the export tax rebate of cassava starch exported to China, causing panic in the Vietnamese cassava industry

    • Last Update: 2022-04-18
    • Source: Internet
    • Author: User
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    According to Vietnam's "Economic Journal" reported on March 24, 2022, recently, the General Administration of Taxation of the Ministry of Finance of Vietnam pointed out that it has learned through the cooperation mechanism between national taxation departments that many Vietnamese cassava starch export enterprises have forged and imported cassava starch in China.
    It is confirmed that these import enterprises do not exist or have been "missing" for a long time .
     
    On March 7, the State Administration of Taxation issued Document No.
    632/TCT-TTKT, instructing the internal tax authorities to investigate the management of tax rebates.
    The import enterprises that the foreign tax authorities have assisted in finding out do not exist or do not exist but deny that they have ever imported tapioca starch.
    In the case of tax rebates, it is necessary to collect evidence, identify fraudulent acts and transfer them to the public security organs for investigation.
    For enterprises that have been found to have fraudulent transactions to obtain tax refunds or fail to meet the tax refund conditions, the tax refunds must be recovered in a timely manner, and relevant materials should be handed over to the public security organs in accordance with the law.
    deal with
    .

     
    The move by the General Administration of Taxation has caused panic in the Vietnamese cassava industry
    .
    The 42 member companies of the Vietnam Cassava Industry Association have jointly signed a letter to the Prime Minister for help, saying that “Document No.
    632 will affect more than 1.
    2 million practitioners in the cassava industry, and hundreds of production companies will stop purchasing cassava from growers, causing many localities.
    The economic-social instability
    .
    ” The Cassava Industry Association stated that the current law of Vietnam does not stipulate that foreign import enterprises must be specified in the VAT refund materials in order to meet the tax refund conditions, and export enterprises have no obligation or ability to confirm foreign cooperation when signing transaction contracts.
    On the other hand, if the official document No.
    632 of the State Administration of Taxation is implemented, cassava enterprises may face bankruptcy; if the problem of VAT refund cannot be solved in time, it may lead to the collapse of the multi-billion-dollar planting industry chain
    .
    cassava starch export cassava import
     
      On March 7, the State Administration of Taxation issued Document No.
    632/TCT-TTKT, instructing the internal tax authorities to investigate the management of tax rebates.
    The import enterprises that the foreign tax authorities have assisted in finding out do not exist or do not exist but deny that they have ever imported tapioca starch.
    In the case of tax rebates, it is necessary to collect evidence, identify fraudulent acts and transfer them to the public security organs for investigation.
    For enterprises that have been found to have fraudulent transactions to obtain tax refunds or fail to meet the tax refund conditions, the tax refunds must be recovered in a timely manner, and relevant materials should be handed over to the public security organs in accordance with the law.
    deal with
    .
     
      The move by the General Administration of Taxation has caused panic in the Vietnamese cassava industry
    .
    The 42 member companies of the Vietnam Cassava Industry Association have jointly signed a letter to the Prime Minister for help, saying that “Document No.
    632 will affect more than 1.
    2 million practitioners in the cassava industry, and hundreds of production companies will stop purchasing cassava from growers, causing many localities.
    The economic-social instability
    .
    ” The Cassava Industry Association stated that the current law of Vietnam does not stipulate that foreign import enterprises must be specified in the VAT refund materials in order to meet the tax refund conditions, and export enterprises have no obligation or ability to confirm foreign cooperation when signing transaction contracts.
    On the other hand, if the official document No.
    632 of the State Administration of Taxation is implemented, cassava enterprises may face bankruptcy; if the problem of VAT refund cannot be solved in time, it may lead to the collapse of the multi-billion-dollar planting industry chain
    .
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