VAT REFUND SERVICE – TASCO TAX AGENT

Create at: 11/01/2022 10:40

WHO WILL BE REFUNDED VAT?

Businesses if pay VAT by the tax credit method, will be refunded VAT if, for three consecutive months or more, their input VAT has not been fully deducted.

The other case is the businesses that have registered to pay VAT by the tax credit method. But there is a new investment project and is in the investment stage. Which has VAT on goods and services purchased and used for investment. However, the remaining tax amount of two hundred million dong or more has not been deducted, the VAT will be refunded.

Businesses in the month that export goods and services. If there is an input VAT amount that has not been deducted from two hundred million VND or more, it will also be monthly VAT refunded.

Businesses that pay VAT by the tax credit method is entitled to a VAT refund when: ownership change, enterprise transformation, merger, consolidation, separation, division, dissolution, bankruptcy and termination of operation which has overpaid VAT or input VAT that has not been fully deducted.

Businesses may obtain VAT refund decisions from competent authorities in accordance with law.

CONDITIONS FOR ENTERPRISE TO TAX REFUND IMPLEMENTATION

🍀 Businesses pay tax by the tax credit method.

🍀 Have a deposit account at the bank and follow the business registration number.

🍀 Having a seal in accordance with the law.

🍀 To be granted a business license in accordance with the provisions of the law.

🍀 Make and keep accounting vouchers and books in accordance with the law.

WHAT WILL TASCO SUPPORT YOUR BUSINESS WHEN USING THE VAT REFUND SERVICE?

✔️ Guide customers to prepare accounting documents and books to make tax refund documents.

✔️ Consulting and guiding customers on policies related to VAT.

✔️ Prepare tax refund documents for customers.

✔️ Check and review tax refund documents.

✔️ Prepare tax refund application documents and submit them on behalf of the enterprise at the tax authority.

✔️ On behalf of the enterprise to explain issues and contents related to VAT refund documents.

✔️ Monitor and update information of tax refund documents.

✔️ Receive documents, decisions, tax refund notices at tax authority on behalf of businesses.

VAT REFUND SERVICE IMPLEMENTATION PROCESS AT TASCO

Step 1: Send quotation to customer.

Step 2: Sign a VAT refund service contract.

Step 3: Check the documents, prepare the documents and submit the tax refund documents at the tax authority (about 15-30 days after receiving the complete documents and signing the service contract).

Step 4: Explain and work with tax authority on the contents related to tax refund documents (about 60 days from the date of valid tax refund documents).

Step 5: Receive the tax refund decision from the tax authority.

⭐ Customers only need to provide: