Will goods imported xem bóng đá trực tiếp trên youtube then exported to another country be eligible for VAT refund from July 1, 2025?
Will goods imported xem bóng đá trực tiếp trên youtube then exported to another country be eligible for VAT refund from July 1, 2025?
Pursuant to point a, clause 1, Article 15 of theLaw on Value-Added Tax 2024(effective from July 1, 2025), the regulations on VAT refund for exports are as follows:
VAT Refund
- The regulations on tax refunds for exports are as follows:
a) Business establishments in a month or quarter, if they have exported goods or services with input VAT that has not been fully deducted xem bóng đá trực tiếp trên youtube amounts to 300 million VND or more, are eligible for VAT refunds on a monthly or quarterly basis, except for goods imported xem bóng đá trực tiếp trên youtube then exported to another country;
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Thus, once theLuật Thuế giá trị trực tiếptakes effect on July 1, 2025, goods imported xem bóng đá trực tiếp trên youtube then exported to another country will not be eligible for VAT refunds.
Will goods imported xem bóng đá trực tiếp trên youtube then exported to another country be eligible for VAT refund from July 1, 2025?(Image from the Internet)
When does thevalue-added tax apply tovalue-added tax in Vietnam?
Based on Article 3 of theLaw on Value-Added Tax 2024(effective from July 1, 2025), the regulations on subjects liable to VAT are as follows:
Subjects liable to tax
Goods xem bóng đá trực tiếp trên youtube services used for production, business, xem bóng đá trực tiếp trên youtube consumption in Vietnam are subjects liable to VAT, except for the subjects stipulated in Article 5 of this Law.
At the same time, in accordance with the regulations in Article 5 of theLaw on Value-Added Tax 2024(effective from July 1, 2025), which specifies the subjects not liable to VAT.
Thus, from July 1, 2025, imported goods liable to VAT are those used for production, business, xem bóng đá trực tiếp trên youtube consumption in Vietnam, except for the following cases not liable to VAT:
- Products from plants, plantation forests, livestock, aquaculture xem bóng đá trực tiếp trên youtube fisheries not yet processed into other products or only through ordinary preliminary processing by organizations or individuals producing or catching at the import stage.
- Imported goods such as newspapers, magazines, newsletters, special publications, political books, textbooks, educational materials, legal documents, science-technical books, books for external information, books printed in minority languages, xem bóng đá trực tiếp trên youtube propaganda posters, including audio or video tapes, electronic data; money, money printing.
- Machinery, equipment, spare parts, xem bóng đá trực tiếp trên youtube materials that are not produced domestically xem bóng đá trực tiếp trên youtube need to be imported for direct use in scientific research xem bóng đá trực tiếp trên youtube technology development.
- Specialized vehicles xem bóng đá trực tiếp trên youtube materials not domestically produced, needed for exploration xem bóng đá trực tiếp trên youtube development of oil xem bóng đá trực tiếp trên youtube gas fields.
- Aircraft, helicopters, gliders, oil rigs, xem bóng đá trực tiếp trên youtube ships not produced domestically, which are imported to form fixed assets for enterprises or rented from abroad for production, business, or lease purposes.
- Imported products xem bóng đá trực tiếp trên youtube services for national defense xem bóng đá trực tiếp trên youtube security industries as per the list issued by the Prime Minister of Vietnam.
- Imports in cases of humanitarian aid xem bóng đá trực tiếp trên youtube non-refundable aid. Goods xem bóng đá trực tiếp trên youtube services sold to foreign organizations xem bóng đá trực tiếp trên youtube individuals or international organizations for humanitarian aid, non-refundable aid to Vietnam.
- Temporarily imported goods for re-export.
- Temporarily exported goods for re-import.
- Imported raw materials for producing xem bóng đá trực tiếp trên youtube processing export goods according to contracts signed with foreign parties.
- Imported goods from abroad by financial leasing companies directly transported to duty-free zones for financial leasing to enterprises in these zones.
- Gold in bar or piece form not crafted into fine art, jewelry, or other products at the import stage.
- Imports in the following cases:
+ Gifts to state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations, xem bóng đá trực tiếp trên youtube armed forces units within the import tax exemption limits as regulated by laws on export xem bóng đá trực tiếp trên youtube import taxes;
+ Gifts within the import tax exemption limits as regulated by laws on export xem bóng đá trực tiếp trên youtube import taxes from foreign organizations xem bóng đá trực tiếp trên youtube individuals to Vietnamese individuals; goods of foreign organizations xem bóng đá trực tiếp trên youtube individuals following diplomatic immunity standards xem bóng đá trực tiếp trên youtube moving properties within the import tax exemption limits as regulated by laws on export xem bóng đá trực tiếp trên youtube import taxes;
+ Goods within the standard of duty-free luggage according to regulations of laws on export xem bóng đá trực tiếp trên youtube import taxes;
+ Goods imported as donations or sponsorships for disaster, epidemic, xem bóng đá trực tiếp trên youtube war prevention, mitigation, xem bóng đá trực tiếp trên youtube recovery according to regulations of the Government of Vietnam.
+ Goods traded across the border to serve the production xem bóng đá trực tiếp trên youtube consumption needs of border residents as per the list of goods traded by border residents xem bóng đá trực tiếp trên youtube within the import tax exemption limits according to laws on export xem bóng đá trực tiếp trên youtube import taxes;
+ Artifacts, relics, xem bóng đá trực tiếp trên youtube national treasures as defined by cultural heritage laws imported by state authorities.
When is the VAT determination time for imported goodsin Vietnam under current regulations?
Pursuant to Article 8 ofCircular 219/2013/TT-BTC, which prescribes the time of VAT determination as follows:
Time of VAT Determination
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- For construction xem bóng đá trực tiếp trên youtube installation, including shipbuilding, it is the time of acceptance, handover of works, work items, or completed construction xem bóng đá trực tiếp trên youtube installation volume, regardless of whether payment has been collected or not.
- For imported goods, it is at the time the customs declaration is registered.
Therefore, the time of VAT determination for imported goods under the current regulations is from the time of customs declaration registration.
