Official Letter No. 668/CT-CS dated April 17, 2025, issued by the Tax Department regarding Value Added Tax (VAT) is as follows

Business establishments paying VAT under the credit method that have new investment projects as prescribed by the Law on Investment, with accumulated input VAT on goods and services arising during the investment phase not yet fully credited amounting to VND 300 million or more, are subject to and eligible for VAT refund in accordance with VAT laws. At the time of requesting the tax refund, if the company has sufficient documentation as prescribed in Clause 1 and Point a, Clause 2, Article 28 of Circular No. 80/2021/TT-BTC dated September 29, 2021, issued by the Ministry of Finance, and the investment project meets the legal requirements regarding investment, construction, and land use, then the VAT refund will be considered and processed.

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