Vietnam: 63 provinces and cities will make value-added tax refund electronically

16:34, 04/05/2017

On April 24, 2017, the Ministry of Finance of Vietnam signed and issued Decision No. 710/QD-BTC on the implementation of receipt and result notification for electronic value-added tax (VAT) refund applications in 63 provinces and centrally-affiliated cities.

According to Decision No. 710/QD-BTC of the Ministry of Finance of Vietnam, from May 01, 2017:

- A taxpayer may request VAT refunds in cases of export refund and investment project refund, providing that he/she meets the conditions for VAT refund according to regulations, has registered and approved by the tax authority to conduct electronic transactions as specified in Circular No. 110/2015/TT-BTC of the Ministry of Finance of Vietnam.

- Tax authorities and taxpayers nationwide participate in using the electronic receipt and result notification for VAT refund processing, following the Procedure for VAT refund issued with Decision No. 2790/QD-BTC of the Ministry of Finance of Vietnam.

The General Department of Taxation shall be responsible for providing guidance and directing tax authorities and taxpayers to carry out electronic tax refunds in accordance with the prescribed procedure; assisting and handling any difficulties faced by taxpayers and tax authorities during the implementation process.

Decision No. 710/QD-BTC of the Ministry of Finance of Vietnam takes effect on its date of issue.

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