Update

No Refund for Mistaken Paid or Overpaid VAT

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.

ANT Lawyers

Recent Posts

Decree No. 147/2024/NĐ-CP: A Comprehensive Framework for Internet and Information Management in Vietnam

With the rise of the digital age, Vietnam has experienced rapid growth in internet usage,…

7 days ago

The Employment in Vietnam Guide: 12 Key Legal Answers for Foreign Companies Entering the Market

Foreign companies entering Vietnam's thriving market face unique legal questions, especially around employing local talents.…

3 weeks ago

13 Critical Steps To Respond to Thailand’s Tough Anti-Dumping Investigation on Cold Rolled Stainless Steel

On October 3, 2024, Thailand’s Department of Foreign Trade (DFT) had officially launched an anti-dumping…

1 month ago

13 Essential Facts You Must Know About Setting Up a Vietnam Representative Office to Test the Market

Introduction For foreign businesses eyeing the fast-growing Vietnamese market, setting up a Vietnam Representative Office…

2 months ago

Anti-Dumping Investigation on Wood Fiber Boards from Thailand and China (AD21)

On September 25, 2024, the Ministry of Industry and Trade officially initiated an anti-dumping investigation…

2 months ago

Kick-Off Event of the 2024 International Mediation Writing Competition in Vietnam

The Weinstein International Foundation (WIF) has officially launched the 2024 International Mediation Writing Competition (IMWC2024).…

2 months ago