Vietnam's Provisions On The Purchase Value Added Tax On The Refund Of Exports Of Goods

　 　 Vietnam? The Ministry of finance has issued Notice No. 94/2010/TT-BCT concerning the purchase of value added tax on the export of goods. Regulations And stipulates that it will start from August 14th (2010). Implementation 。

The provisions will not apply to those who apply for the first time to apply for the refund of value added tax (except for those who have returned to the value-added tax on the basis of the processing and production tax paid to the tax authorities of the enterprises where they are disposed of processing production, except those who will be temporarily returned to value added tax); those who have evaded tax evasion for 2 consecutive years before the application for tax rebate, merge, merge, split up, dissolve, bankrupt, convert all the forms of the operating unit and terminate the exporters; and carry out the payment, sale, contract and lease of the state-owned enterprises in the execution of the tax and settlement, and have not yet deducted the value added tax or the excess value tax paid for the purchase.

The key points laid down in the Announcement No. 94/2010 of the front row are as follows:

1. A manufacturer who has actually exported and does not have bank settlement documents will refund the value added tax of 90% when purchasing the product according to the application of the drawback person.

Two, for the export contract, there are clear ways to make payments in the long term or in various prescribed periods, but not to the time of settling accounts, or to the export products that do not have the relevant bank settlement documents, or have been settled or prepaid by foreign buyers. The exporter may apply for the full refund of the value added tax when purchasing the relevant products according to the provisions of section B, part III, Section 1.3, part 129/2008/TT-BTC of the Ministry of Finance in December 26, 2008. When the export contract settlement expires, the exporter shall check the relevant documents of bank settlement according to the regulations.

Three. For exporters who have received the actual export amount of foreign currency settled by foreign buyers in accordance with the export contract, exporters who meet the following requirements may apply for a temporary refund of the purchase value added tax (including those settled and not settled).

(1) the relevant purchase value added tax, which has obtained the partial payment of the bank settlement documents, will be refunded in full.

(two) in accordance with the export contract, the purchase value added tax of the remaining amount of money remaining at the front of the bank without the settlement date of the settlement period is returned to 90%. When the exporter produces the bank settlement account, the remaining 10% value added tax will be refunded.

The announcement of the other front row 94/2010 also stipulates the time limit for the refund of the 90% value added tax.

It is not more than 7 working days since the full application of the tax rebate document has been received, and the 4 day of processing for the refund of the remaining 10% of the value-added tax.