On August 30, 2024, the General Department of Taxation issued Official Letter No. 3879/TCT-KK regarding VAT refunds.
According to this letter:
*Supplementing Tax Declarations:
If a company discovers errors or omissions in its previously submitted tax declarations, it may file a supplementary declaration in accordance with Article 47 of the Tax Administration Law No. 38/2019/QH14 dated June 13, 2019, and Clause 4, Article 7 of Decree No. 126/2020/ND-CP dated October 19, 2020, issued by the Government. The company should use the supplementary declaration and original tax declaration to self-calculate the amount of tax payable, additional tax payable, late payment interest (if any), and remit the amount to the state budget as required. If the company files a supplementary tax declaration after the tax authority or relevant authority has announced a tax inspection or audit decision at its premises, the company will be subject to administrative penalties for tax management violations under Article 142 and Article 143 of the Tax Administration Law.
*VAT Refund Period:
If a company engages in both export and domestic sales of goods and services, it must separately account for the VAT on inputs used for producing goods and services for export. If separate accounting is not feasible, the VAT on inputs for exported goods and services is determined based on the ratio of export revenue to total revenue from goods and services over the tax periods from the period following the most recent refund period to the current refund request period.
