On April 1st,2020, The General Department of Taxation issued Official Letter No.1393/TCT-KK. Whereby:
In case the Company has a new investment project which meets law provisions on tax and investment, the input VAT of the incurred investment project undergoing the investment stage, which has not reached the operation stage, can apply for refunding .
If the Company’s project fails to meet the committed schedule in the Investment Registration Certificate, the Company will be responsible to propose in writing the implementation progress adjustment to the Investment Register Office in compliance with investment law.
The tax authorities shall implement VAT refunding in accordance with tax and investment legal regulations.
