trực tiếp bóng đá k+Procedures for refundable VAT on exported goods/services in Vietnam

Hello, Lawnet would like to answer as follows:

1. Objects eligible for VAT refund for exported goods and services in Vietnam

According to trực tiếp bóng đá k+ provisions of Article 18 ofCircular 219/2013/TT-BTC, trực tiếp bóng đá k+ recipient of refund in some cases:

- If trực tiếp bóng đá k+ export is entrusted, trực tiếp bóng đá k+ business establishment having trực tiếp bóng đá k+ goods exported under entrustment is trực tiếp bóng đá k+ recipient of refund;

- If processed goods is forwarded, trực tiếp bóng đá k+ business establishment that signs trực tiếp bóng đá k+ export processing contract with trực tiếp bóng đá k+ foreign party is trực tiếp bóng đá k+ recipient of refund;

- If goods are export to execute an overseas construction, trực tiếp bóng đá k+ exporter is trực tiếp bóng đá k+ recipient of refund;

- trực tiếp bóng đá k+ establishment that has trực tiếp bóng đá k+ domestic exports is trực tiếp bóng đá k+ recipient of refund.

2. Cases of refundable VAT and input VAT for exported goods/services in Vietnam

Case of refundable VAT on exported goods/services

According to Point b, Clause 12, Article 1 ofThông tư 26/2015/TT-BTCamending Clause 4, Article 18 ofCircular 219/2013/TT-BTC, case of refundable VAT on exported goods/services include:

- In trực tiếp bóng đá k+ month (if tax is declared monthly) or in trực tiếp bóng đá k+ quarter (if tax is declared quarterly), if input VAT on exported goods and services that remains after deduction is 300 million VND or above, such input VAT shall be refunded by month or by quarter;

If trực tiếp bóng đá k+ aforementioned input VAT in trực tiếp bóng đá k+ month or quarter is below 300 million VND, it shall be offset against tax incurred in trực tiếp bóng đá k+ next month or quarter.

Where a taxpayer both exports and domestically sells goods/services in trực tiếp bóng đá k+ month/quarter, such taxpayer may receive a refund of VAT on exported goods/services if trực tiếp bóng đá k+ input VAT that remains after being offset against VAT on goods/services sold domestically is 300 million VND or above.

Refundable VAT on exported goods/services

Refundable VAT on exported goods/services is calculated as follows:

If input VAT on exported goods/services that remains after deduction is below 300 million VND, trực tiếp bóng đá k+ taxpayer must transfer it to trực tiếp bóng đá k+ next tax period instead of claiming a refund.

If input VAT on exported goods/services that remains after deduction is 300 million VND or above, trực tiếp bóng đá k+ taxpayer may claim a refund.

3. Application for refundable VAT on exported goods/services

According to Article 16 ofCircular 219/2013/TT-BTC(amended by Circular 119/2014/TT-BTC), VAT refund dossiers for exported goods and services must contain trực tiếp bóng đá k+ following documents:

(1) Request for refund of state budget revenues, made according to Form No. 01/HT

Form No. 01/HT:Download

(2) Foreign trade contract

- trực tiếp bóng đá k+ contract to sell, process goods, or provide services for foreign organizations and individuals.

- If trực tiếp bóng đá k+ exported is entrusted, trực tiếp bóng đá k+ compulsory documents are trực tiếp bóng đá k+ entrustment contract and trực tiếp bóng đá k+ note of entrustment contract finalization or a debt comparison note between trực tiếp bóng đá k+ entrusting party and trực tiếp bóng đá k+ entrusted party.

(3) trực tiếp bóng đá k+ approved customs declaration made according to Form No. 01-2/HT

Form No. 01-2/HT:Download 

- For exported goods, customs procedures have been completed according to trực tiếp bóng đá k+ guidance of trực tiếp bóng đá k+ Ministry of Finance on customs procedures; customs inspection and supervision; export tax, import tax, and tax administration for imported and exported goods.

- For business establishments that export software products in trực tiếp bóng đá k+ form of documents, records, and hard-packed databases in order to receive input VAT credit or refund, business establishments must ensure trực tiếp bóng đá k+ following procedures: about trực tiếp bóng đá k+ customs declaration for ordinary goods.

- trực tiếp bóng đá k+ customs declaration is not needed in trực tiếp bóng đá k+ following cases:

+ trực tiếp bóng đá k+ software and export exported via electronic means. trực tiếp bóng đá k+ taxpayer must follow trực tiếp bóng đá k+ procedure for certifying that trực tiếp bóng đá k+ buyer has received trực tiếp bóng đá k+ exported services or software via electronic means in accordance with trực tiếp bóng đá k+ laws on electronic commerce.

+ trực tiếp bóng đá k+ construction or installation executed overseas or in free trade zones.

+ Supply of electricity, water, stationery, and goods serving every day life of export processing company, including food and consumables (including personal protective equipment).

(4) Proof of payment via bank

- Is a document of payment through trực tiếp bóng đá k+ bank of trực tiếp bóng đá k+ importing party.

- In case of late payment, there must be an agreement stated in trực tiếp bóng đá k+ export contract. By trực tiếp bóng đá k+ deadline for payment, trực tiếp bóng đá k+ business establishment must have a bank payment voucher.

- In case of entrustment for export, there must be proof of payment via bank of trực tiếp bóng đá k+ foreign side to trực tiếp bóng đá k+ entrusting party and trực tiếp bóng đá k+ entrusting party must pay trực tiếp bóng đá k+ amount of exported goods through trực tiếp bóng đá k+ bank to trực tiếp bóng đá k+ entrusting party.

- In case trực tiếp bóng đá k+ foreign party makes direct payment to trực tiếp bóng đá k+ export entrusting party, trực tiếp bóng đá k+ entrusting party must have a bank payment document and trực tiếp bóng đá k+ above payment must be specified in trực tiếp bóng đá k+ contract.

(5) Commercial invoice.

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