Value-added tax refund is understood as a tax refunded by the state that the taxpayer has paid to the State Budget. More specifically, the state budget is returned to business units, enterprises, and individuals purchasing goods and services. The tax amount paid is the input tax amount when paying for the purchase of goods and services that the business unit has not yet deducted during the tax period, or that unit or individual is not subject to tax.

Benefits of timely tax refund procedures:

  • Recover the VAT amount that is still deducted over the tax periods of the enterprise when purchasing goods and services
  • Support enterprises to fully implement the accounting invoice and document regime through inspection and examination by tax authority
  • Facilitate financial settlement for enterprises when facing difficulties

Common tax refund cases:

1. Newly business units established from registered investment projects

Newly business units established from investment projects that have registered their business and registered to pay value added tax according to the deduction method, or oil and gas field exploration and development projects in the investment stage, not yet put into operation, if the investment period is 01 year or more, the VAT on goods and services used for investment will be refunded each year.

In case the accumulated VAT amount of goods and services purchased for investment is VND 300 million or more, the VAT will be refunded.

2. VAT refund for operating business units that are subject to VAT payment according to the deduction method and have new investment projects that meet a number of conditions in accordance with the law.

3. Tax refund for business units in the month (in case of monthly declaration), quarter (in case of quarterly declaration) that has exported goods and services with input VAT amounts not yet deducted of 300 million VND or more, VAT will be refunded monthly and quarterly. If in a month or quarter, the input VAT amount that has not been deducted is less than 300 million VND, it will be deducted in the next month or quarter.

4. Tax refund for business units that change ownership, convert businesses, merger, consolidation, division, separation, dissolution, bankruptcy, or terminate operations when certain conditions are met as prescribed by law.

5. VAT refund for programs and projects using non-refundable official development assistance (ODA) capital or non-refundable aid or humanitarian aid.

6. VAT refund for foreigners and Vietnamese residing abroad who hold passports or entry documents issued by foreign competent authorities are entitled to tax refund for goods purchased in Vietnam and brought with them when exiting. VAT refund is carried out in accordance with the Ministry of Finance's instructions on VAT refund for goods purchased in Vietnam by foreigners and Vietnamese residing abroad when they exit Vietnam.

Gia Luat’s scope of work:

  • Consulting on relevant legal regulations on tax refund, conditions and procedures.
  • Based on the records provided by Valued Customers, checking and comparing and preparing tax refund documents in accordance with the law.
  • Consulting and supporting the coordination of arranging invoices, documents, and bookkeepings related to the tax refund requested.
  • Representing Valued Customers to apply for tax refund.
  • Directly/ together with Valued Customers work and explain data to tax authority.
  • Following up the tax authority's handling progress, working with departments related to tax refund.
  • Representing/together with Valued Customers receive tax refund decision.
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