Official Letter No. 1557/CT-CS dated March 18, 2026, issued by the Tax Department regarding VAT policy for exported goods and services

• Pursuant to Clause 1, Article 15 of the Law on Value-Added Tax No. 48/2024/QH15 dated November 26, 2024, on VAT refund for exports;
• Pursuant to Clauses 1 and 2, Article 23 of Decree No. 181/2025/NĐ-CP dated July 1, 2025 of the Government, on input VAT deduction;
• Pursuant to Article 29 of Decree No. 181/2025/NĐ-CP dated July 1, 2025 of the Government, on VAT refund for exports;
• Pursuant to Article 7 of Circular No. 69/2025/TT-BTC dated July 1, 2025 of the Ministry of Finance, guiding the determination of refundable VAT for exported goods and services.

Based on the above provisions:

Where a business establishment, in a month or quarter, has exported goods or services and has input VAT not yet fully credited of VND 300 million or more, it shall be eligible for VAT refund on a monthly or quarterly basis, except for imported goods that are subsequently exported to another country.

The determination of the refundable VAT amount for exported goods and services shall comply with Article 7 of Circular No. 69/2025/TT-BTC dated July 1, 2025 of the Ministry of Finance. Accordingly, the input VAT of goods (including fixed assets) and services carried forward from the previous period, together with the input VAT incurred in the current period used for the production and business of exported goods and services, shall be aggregated to determine the deductible input VAT attributable to export activities.

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