Theoretical basis, shortcomings and inadequacies of the legal institution of value added tax refund under the law of Vietnam

Abstract

The paper clarifies the theoretical basis of the legal instiution of value added tax refund in the following issues: concept of value added tax refund, the right of valued added tax refund and subjects who are entitled to obtain the tax refund; and mechanism and procedures to refund the tax. The paper also assesses the shortcomings and inadequacies of the legal institution of value added tax refund and  proposes the directions to improve and to make the legal institution of value added tax to be of its real nature.