Ministry of Finance of Vietnam to strictly review VAT refund conditions

Ministry of Finance of Vietnam to strictly review VAT refund conditions 

Ministry of Finance of Vietnam to strictly review VAT refund conditions, ensuring rationality and convenience for general public and enterprises. 

Regarding regulations on VAT refund, the Ministry of Finance of Vietnam shall strictly review cases and conditions for eligibility for VAT refund, ensuring rationality, feasibility, publicity, transparency, and convenience for the general public and enterprises; and

Study regulations on VAT refund for cases where enterprises are subject to ownership transfer, conversion, merger, consolidation, full or partial division, or operational termination to ensure feasibility; and

Stipulate specific and appropriate procedures and responsibilities of tax authorities, tax officials, relevant agencies, organizations, and individuals, ensuring consistency and synchronization with the law on tax administration. 

**Regarding regulations on export services eligible for a 0% tax rate: 

The Ministry of Finance of Vietnam shall continue to consult international experience and assessment of practical implementation to study regulations on principles and criteria for classifying and determining export services for use as the basis for stipulating cases of export services eligible for a 0% tax rate, ensuring equality and the nature of export services while combining state management requirements with benefits of enterprises in the export sector. 

**Regarding regulations on VAT-exempted subjects: 

The Ministry of Finance of Vietnam shall study and acquire feedback from Members of the Government of Vietnam, adequately review goods and services exempted from VAT to ensure consistency and synchronization with the specialized law concerning each specific sector; 

In necessary cases, it is possible to consider adding specific goods and services exempted from VAT to meet practical requirements while ensuring the nature of such goods and services. 

See more details in Resolution No. 49/NQ-CP dated April 17, 2024. 

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