- Enterprises facing difficulties in applying for VAT refund on exported goods and services
- General Department of Taxation (GDT) provides guidelines on VAT refund for export
- Conditions for VAT refund include having a remaining balance of monthly/quarterly creditable input VAT of VND300 million and above
- Creditable input VAT is determined based on specific records or allocated amount with a percentage ratio between export revenue and total revenue
- Creditable input VAT to be refunded is limited to 10% of export revenue
- If conditions are not met, creditable input VAT will be deducted against output VAT for subsequent month/quarter
Source: rajahtannasia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
