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VAT refund service for export goods, investment projects – fast

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Value added tax refund service, VAT refund at fdiinvietnam.com in just 45 days. Free consultation on regulations, conditions for VAT refund, VAT refund process…

Value Added Tax (VAT) Refund Service at fdiinvietnam.com

To optimize the time for VAT refund procedures as well as ensure accurate VAT refund records, please refer to the service at fdiinvietnam.com with the following detailed information:

1. Total VAT refund cost at fdiinvietnam.com
  • VAT refund application fee: VND 10,000,000/application;
  • VAT refund service fee: 6% of total refund amount.
2. Time to complete VAT refund procedures

>> Complete VAT refund procedures within 45 working days.

According to fdiinvietnam.com’s experience in VAT refunds over the past 14 years, most businesses make mistakes in their VAT refund records and procedures, affecting the process as well as the results of the refund, such as:

  • Export goods customs declaration lacks customs confirmation;
  • The VAT refund request has not clearly defined the case of the enterprise’s tax refund;
  • The VAT refund account number is different from the account number registered with the tax authority;
  • Not adjusting the incorrectly declared VAT figures, resulting in the requested refund amount not matching the declared tax amount…
3. Commitment to VAT refund service at fdiinvietnam.com

VAT refund service at fdiinvietnam.com commits to:

  • Cost optimization;
  • Time optimization;
  • Review all documents and invoices before submitting tax refund application;
  • Minimize cases of tax arrears and administrative penalties;
  • Business representatives explain to tax authorities during tax refund procedures;
  • Business representative receives VAT refund decision;
  • Track progress until the business receives the tax refund. 

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Cases eligible for VAT refund

1. Conditions for VAT refund

To be eligible for a VAT refund, businesses must meet the following conditions:

  • Must have VAT deductible;
  • Calculate VAT by deduction method;
  • Open a bank account with the company’s tax code;
  • Prepare and keep accounting books and accounting documents in accordance with current regulations;
  • Value added tax refund procedures are carried out in accordance with current regulations;
  • Have a business registration certificate or investment registration certificate and seal.
2. Subjects eligible for VAT refund

fdiinvietnam.com will share cases of value added tax refund in the following 4 cases:

  • Case 1: For exported goods and services

Establishments and enterprises with undeducted input VAT of 300 million VND or more in some specific cases such as: both exporting and doing domestic business, importing goods and then exporting abroad, exporting to duty-free zones.

  • Case 2: For new investment projects

Newly established establishments and enterprises, which are in the investment phase and pay VAT according to the deduction method. At the same time, the accumulated VAT amount of goods and services related to the investment project must be at least 300 million VND.

  • Case 3: For investment projects for operating facilities and enterprises

After deducting VAT declaration, establishments and enterprises have input VAT amount not yet deducted of VND 300 million or more. If it is less than VND 300 million, it can be carried forward to the next tax declaration period.

  • Case 4: For establishments and enterprises calculating tax using the deduction method

When converting types, changing ownership, dividing, separating, merging, consolidating, dissolving, ceasing operations, or going bankrupt, establishments and enterprises pay excess VAT or have not fully deducted input VAT of VND 300 million or more.

See details: Cases eligible for VAT refund.

Instructions on documents and procedures for value added tax refund according to Circular 80

1. How to get VAT refund

3 forms of submitting form 01/DNHT to request VAT refund include:

  1. Pay directly to the tax authority;
  2. Submit by mail;
  3. Submit online at the tax authority’s electronic portal.
2. VAT refund dossier

For value added tax refund dossiers, depending on each case of tax refund request, the dossier details will be different, specifically as follows:

➧ For exported goods and services

Details of export VAT refund dossier include:

  1. Form 01/DNHT requesting tax refund, refund of state budget revenue;
  2. Contract for sale and processing of goods;
  3. Invoices, sales/export/processing documents;
  4. Export goods customs declaration;
  5. Form 01-2/HT list of cleared customs declarations;
  6. Documents proving completion of payment for exported goods (via bank). 

➧ For goods and services subject to export entrustment and contract liquidation

Details of VAT refund dossier for consignment export goods include:

  1. Export entrustment contract;
  2. Export goods customs declaration;
  3. Minutes of liquidation of export entrustment contract;
  4. Minutes of periodic debt reconciliation between the trustor and the trustee;
  5. Invoices, sales or export or processing documents;
  6. Form 01/DNHT requesting tax refund, refund of state budget revenue;
  7. Documents proving completion of payment for exported goods via bank.

➧ For investment projects

Details of VAT refund dossier for investment project include:

  1. Form 02/GTGT ​​VAT declaration;
  2. Copy of charter capital contribution certificate;
  3. Decision to establish investment project management board;
  4. Form 01-1/HT list of purchase documents and invoices;
  5. Documents, invoices, contracts related to investment projects;
  6. Form 01/DNHT requesting tax refund, refund of state budget revenue;
  7. Copy of business license or documents proving eligibility to operate;
  8. Copy of investment registration certificate (in case of applying for investment license);
  9. Construction permit and copy of land use right certificate or equivalent documents (in case the project has construction works).

Note :

In the following 3 cases, businesses do not need to submit sales/export/processing invoices:

>> Software export business activities (electronic form);

>> Construction and installation activities in duty-free zones or abroad;

>> Providing activities for manufacturing enterprises such as electricity, water, food, consumer goods, stationery…

3. Time to receive VAT refund

Depending on each case when completing tax refund procedures, the time limit for the tax authority to issue a decision on VAT refund or a decision on tax refund and state budget offset will be different, specifically:

  • For cases of pre-refund, post-inspection: Within a maximum of 6 working days from the date of receipt of the tax refund dossier;
  • For pre-inspection, post-refund cases: Within 40 working days from the date of receipt of complete tax refund documents.

According to Circular 80/2021/TT-BTC, from the date of receiving the order to refund state budget revenue or the order to refund and offset state budget revenue, the State Treasury must pay tax refunds within 1 working day. 

Frequently asked questions when filing VAT refund dossiers

1. What are the conditions for VAT refund?

To be considered for a value added tax refund, a business establishment must ensure the following 6 conditions:

>> Must have deductible VAT;

>> Calculate VAT by deduction method;

>> Open a bank account with the business’s tax code;

>> Establish and maintain books and documents according to accounting standards;

>> VAT refund procedures are carried out in accordance with current regulations;

>> Have a business registration certificate or investment registration certificate and seal.

2. VAT refund service fee at fdiinvietnam.com?

The full package of value added tax refund services at fdiinvietnam.com includes:

>> 10,000,000 VND/set of documents;

>> 6% of total tax refund.

fdiinvietnam.com will complete all VAT refund procedures for you and monitor the progress of the application until the business receives a tax refund.

3. When will I receive my VAT refund?

With VAT refund service at fdiinvietnam.com, normally within 45 days, the tax authority will issue a tax refund decision and pay the refund to the business. 

To quickly complete your tax refund application, contact fdiinvietnam.com immediately.

4. Can I get a refund for overpaid VAT?

In case a business establishment pays tax according to the deduction method and overpays value added tax, it will be refunded VAT. However, the business establishment must ensure the conditions when completing VAT refund procedures.

See also: Cases eligible for VAT refund.

5. What are the VAT refund procedures?

Depending on each case, the VAT refund dossier will be different. Please refer to the detailed VAT refund dossier for each case.

After preparing the documents, businesses can submit the documents in 1 of 3 ways: directly, by post or online at the tax authority’s electronic information portal.

The time to resolve a VAT refund request is a maximum of 6 working days for pre-refund, post-audit cases and within 40 working days for pre-audit, post-refund cases.

Call us at  0978 578 866 (North), 0946 724 666 (Central) or 0978 578 866 (South)  for support.

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