Mistaken paid or overpaid VAT on imported goods for custom authorities when discovered will be adjusted to the state budget and will not be refunded.
The handling of the above VAT amount is done under the guidance at Point c, Clause 2, Article 131 of Circular194/2010/TT-BTC.
Accordingly, the overpaid amount will not be refunded to the taxpayer and will be adjusted to other taxes.
Those contents from the General Department of Customs guidance in Decree 5678/TCHQ-TXNK on problems related to customs clearance and compensation, reimbursement.
This guidance takes effect from October 16th 2012.
At ANT Lawyers, our professional consultants and lawyers regularly monitor regulations and provide the client with update of legal development in Vietnam.