Tax policy regarding Value Added Tax refund for new investment projects
Post by admin /03/04/2021
Business establishments that have registered to pay value-added tax and have a new investment project with a tax amount of VND 300 million or more on unpaid purchased goods and services will be refunded.
On April 1, the General Department of Taxation issued Official Letter No. 944 / TCT-CS on the refund of input value-added tax for new investment projects.
Accordingly, business establishments that have registered to pay value-added tax according to the import-export method have a new investment project in the investment stage and have value added tax on purchased goods and services. Used for investment without deduction, from 300 million VND or more will be refunded tax (except the case is not eligible for tax refund as prescribed).
Official letter stating that after the business establishments finish the investment phase to move to the production and business stage, the input value added tax arising in the investment period has not been deducted from 300 million. VND or more, on the tax return for investment projects (form 02 / GTGT) at the tax period (the end of the investment period), must declare in the index "Input value added tax. reimbursement of the investment project requested for refund. "
In addition, cases on the tax return for investment projects (form 02 / GTGT) at the end of the investment period without declaring targets, additional declaration will be made as prescribed (at Point b Clause 4 Article 7 of Decree 126/2020 / ND-CP) ./.
