Official Letter No. 3470/CT-CS dated 28 May 2026 issued by the Tax Department regarding Value Added Tax (VAT)

1. VAT Refund for Goods and Services Subject to the 5% VAT Rate

Where a business establishment exclusively manufactures goods or provides services subject to the 5% VAT rate and has uncredited input VAT arising from 01 July 2025 onward amounting to VND 300 million or more, but has not yet accumulated such uncredited input VAT for 12 consecutive months or 4 consecutive quarters, it shall not be eligible for a VAT refund.

The Tax Department is currently studying and proposing that the Ministry of Finance issue guidance on VAT refund dossiers for purchased goods and services used in the production of goods and provision of services subject to the 5% VAT rate. Such guidance is expected to be incorporated into the draft Circular detailing certain provisions of the Law on Tax Administration and the Government’s Decree providing detailed regulations and implementation measures for the Law on Tax Administration.

2. VAT Refund Dossier for Expansion Investment Projects

Where a business establishment has an expansion investment project that qualifies for a VAT refund, the VAT refund dossier shall be prepared in accordance with Clause 1 and Point (a), Clause 2, Article 28 of Circular No. 80/2021/TT-BTC.

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