Official Letter No. 3611/CT-CS dated September 05, 2025 of the Tax Department regarding value-added tax

In the case where a company implements an investment project (with the project divided into stages or items) serving the production and business of exported goods (with export revenue accounting for more than 90% of total revenue), and input VAT amounts arising from investment activities during the investment stage are incurred, such company is eligible for VAT refund under the provisions of the VAT law.

Where, upon completion of the investment stage, the company generates export revenue, the input VAT on goods and services purchased (including fixed assets) used for the production and business of exported goods shall be eligible forVAT refund with respect to export activities in accordance with regulations.

From July 01, 2025, VAT refund for investment projects shall be implemented in accordance with Clause 2, Article 15 of the Value-Added Tax Law No. 48/2024/QH15 and Article 30 of Decree No. 181/2025/NĐ-CP dated July 01, 2025 of the Government.

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