WHERE IS VAT REFUNDED?

?? Case 1: A business establishment that has registered to pay VAT according to the deduction method has a new investment project, is in the investment stage and has the VAT amount on goods or services purchased and used for investment. Having not been deducted and having the remaining tax amount of 300 million VND or more, VAT will be refunded.

?? Case 2: If a business establishment has exported goods or services in a month or quarter, if it has an uncredited input VAT amount of VND 300 million or more, it will be refunded monthly or quarterly.

❌ Note: If a business establishment has goods imported for export or exported goods are not carried out at the customs operating area in accordance with the Law on Customs, tax will not be refunded.

?? Case 3: A business establishment that pays VAT according to the tax credit method is entitled to VAT refund upon ownership transformation, enterprise transformation, merger, consolidation, division, separation, dissolution, bankruptcy, or termination. activities with overpaid VAT or input VAT not fully credited.

?? Case 4: Foreigners, overseas Vietnamese holding passports or immigration papers issued by foreign competent agencies are entitled to tax refund on goods purchased in Vietnam and brought along when exiting .

?? Case 5: Vietnamese organizations use non-refundable aid money or humanitarian aid money from foreign organizations and individuals to buy goods and services for non-refundable aid programs or projects In return, humanitarian aid in Vietnam will be refunded the VAT amount paid for such goods and services.

?? Case 6: Subjects enjoying diplomatic privileges and immunities in accordance with the law on diplomatic immunity and purchase of goods and services in Vietnam are eligible for a refund of VAT paid on the goods. VAT application or on the payment voucher stating the VAT-included payment price.

?? Case 7: The business establishment has a decision on VAT refund of a competent authority in accordance with the law and the case of VAT refund under an international treaty to which the Socialist Republic of Vietnam is a member.

Hope the above information is really useful, please follow the page of TASCO Tax Accounting Consulting Company to update information regularly ❣️
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