Tam Viet VAT refund service

 

 

 

VAT Refund Services at Tam Viet Tax

 

The issue of Value Added Tax (VAT) refund is crucial for enterprises engaged in export activities or new investment projects. However, the procedure and documentation requirements have always been a complex process, consuming significant time and effort from businesses. Therefore, Thue Tam Viet was established with the purpose of supporting enterprises in following the correct procedures, shortening the tax refund time, and maximizing the refund amount quickly and accurately.

 

1. VAT Refund Services at Tam Viet Tax

 

The team of experienced professionals at Thue Tam Viet will support businesses from consulting and guidance, to document preparation, representing the company in tax authority explanations, tracking progress, and ensuring the refund amount is transferred to the company's account quickly and in compliance with regulations.

 

1.1 Total VAT Refund Costs at Tam Viet Tax

 

• VAT refund document processing fee: 8,000,000 VND per document
• VAT refund service fee: 3% - 12% of total refund amount (Depending on the refund amount) VAT refund service costs at Thue Tam Viet are calculated based on transparent and competitive principles. Especially, with a team of professionals who have worked in the tax sector for 14 years and hold lawyer certifications, we commit to maximizing the tax refund for businesses, helping them save a significant amount compared to self-processing.
• For example, for an export enterprise with a VAT refund of 1 billion VND, the service fee would be 60 million VND (6% of 1 billion VND). However, with Thue Tam Viet's support, businesses will not have to invest extensive effort, time, and human resources in this complex process, while ensuring maximum tax refund.

 

1.2 VAT Refund Procedure Completion Time

 

Complete VAT refund procedures within 45 working days. The time to complete VAT refund procedures at Thue Tam Viet is committed to be quick, only within 45 working days. This is guaranteed by an experienced team of professionals who are well-versed in the procedures and laws related to VAT refunds.

In reality, based on Thue Tam Viet's 14-year VAT refund experience, most businesses typically make mistakes in VAT refund documents and procedures, affecting the process and refund results. Some common errors include:

• Customs export declaration forms lacking customs confirmation
• VAT refund requests not clearly identifying the company's refund case
• Refund receiving account number different from the account registered with tax authorities
• Failure to adjust incorrectly declared VAT figures, leading to mismatched refund request amounts

With extensive experience, Thue Tam Viet will help businesses avoid these unfortunate mistakes, ensuring complete and accurate documentation, thereby reducing the refund time to 45 working days.

 

1.3 VAT Refund Service Commitments at Thue Tam Viet

 

By using VAT refund services at Thue Tam Viet, businesses will be guaranteed the following commitments:

• Cost optimization
• Tax refund time optimization
• Comprehensive review of all documents and invoices before submitting the tax refund application
• Minimize cases of additional tax collection and administrative penalties
• Represent the company in explaining to tax authorities during the refund procedure
• Represent the company in receiving the VAT refund decision
• Track progress until the company receives the refunded tax amount

With these commitments, businesses can confidently entrust the VAT refund process to Thue Tam Viet, saving significant time and effort, and focusing on their core business activities.

 

2. Case of Possible Tax Refund 

Tax laws specify certain cases where businesses will be refunded Value Added Tax (VAT). Thue Tam Viet's VAT Refund Service applies to all of these cases.

 

2.1 VAT Refund Conditions

 

To be eligible for VAT refund, businesses must meet the following conditions:

• Must have VAT eligible for deduction
• Calculate VAT using the credit method
• Open a bank account with the company's Tax Identification Number (TIN)
• Establish and maintain accounting books and documents in accordance with current regulations
• Follow VAT refund procedures as per current regulations
• Have a Business Registration Certificate or Investment Registration Certificate and company seal

If any of these conditions are not met, businesses will face difficulties in VAT refund or may even be denied refund. Therefore, thorough consultation on these conditions is one of the key services of Thue Tam Viet.

 

2.2 VAT Refund Eligible Entities

 

Thue Tam Viet will support businesses in VAT refund for four main cases:

1. For Exported Goods and Services Establishments and enterprises with input VAT not yet deducted of 300 million VND or more in cases such as:

• Both export and domestic business
• Importing goods and then exporting abroad
• Exporting to non-tariff zones

2. For New Investment Projects Newly established establishments or enterprises, in the initial investment phase, and filing VAT using the credit method. Additionally, the cumulative VAT for goods and services related to the investment project is at least 300 million VND.
3. For Investment Projects of Existing Establishments and Enterprises Establishments and enterprises that, after VAT declaration offsetting, have input VAT not yet deducted of 300 million VND or more. If less than 300 million VND, it can be carried forward to the next tax declaration period.
4. Other Cases as Prescribed by Law Besides the above three cases, there may be other special circumstances where businesses are eligible for VAT refund according to the law at that time.

With extensive experience, Thue Tam Viet's team of professionals will consult and support businesses in clearly identifying the appropriate VAT refund case, ensuring a smooth and quick refund process.

 

3. Guidance on VAT Refund Procedures and Documentation according to Circular 80

 

To obtain a VAT refund, businesses must complete all procedures and documentation as guided in Circular 80/2021/TT-BTC. The basic steps include:

 

3.1 VAT Refund Method

 

• Step 1: Submit the tax refund application to the tax authority
• Step 2: The tax authority will review and examine the documentation and decide on the refund
• Step 3: If approved for refund, the tax authority will notify the refund decision and transfer the refund amount to the business's account

 

3.2 VAT Refund Documentation

The documentation includes the following documents:

1. VAT Refund Declaration Form (Form 01/HTGTGT)
2. Detailed list of invoices and documents for purchased goods and services
3. Detailed list of invoices for exported goods and services
4. Customs declaration (for exported goods)
5. Economic contracts
6. Bank payment documents
7. Business Registration Certificate or Investment Registration Certificate
8. Project Approval Decision (for investment projects)
9. Other documents (if any)

For each type of documentation, there are specific procedures and preparation methods that Thue Tam Viet's professionals will provide detailed consultation on for businesses.

 

3.3 Time to Receive VAT Refund

The tax authority's refund timeline follows these regulations:

• For refunds verified at the taxpayer's premises: Not exceeding 40 days from the date of receiving the tax refund application
• For cases requiring on-site inspection or audit: Not exceeding 6 months from the date of issuing the inspection decision
• For refunds approved without inspection or audit: Not exceeding 16 working days from the date of receiving a complete refund application.

However, in reality, VAT refund times are often much longer than these regulations due to incomplete or inadequate documentation and paperwork. Therefore, support from Thue Tam Viet's experienced professional team is crucial in reducing the refund time to the committed minimum of 45 days.

 

4. Frequently Asked Questions about VAT Refund Applications

 

Below are some common questions about VAT refund procedures that Thue Tam Viet's professionals are frequently asked and provide guidance on:

• Question 1: What documents are needed for VAT refund? Required documents include: VAT refund declaration, purchase/export invoice lists, customs declarations, economic contracts, payment documents, business/investment registration certificates, project decisions (if applicable), and other additional documents as needed.
• Question 2: What are the conditions for VAT refund? To be eligible for VAT refund, businesses must meet conditions such as: having deductible VAT, calculating tax using the credit method, opening a bank account with TIN, maintaining accounting records correctly, following proper refund procedures, and having necessary legal documents.
• Question 3: How long does the VAT refund procedure take? Depending on specific cases, VAT refund timelines range from 16 days to 6 months according to regulations. However, with Thue Tam Viet's refund service, this time is committed to only 45 working days.
• Question 4: Can undeducted VAT be carried forward to the next period? For VAT amounts under 300 million VND after offsetting, businesses can carry forward to the next tax declaration period. If the remaining input VAT is 300 million VND or more, it can be refunded.
• Question 5: What are the VAT refund service costs at Thue Tam Viet? Costs include a 8 million VND document processing fee per application and a service fee of 3-12% of the total refund amount (depending on the refund value).

With detailed questions and consultations from our team of tax experts and lawyers, businesses will have a clearer understanding of the process, procedures, and improve their chances of successful VAT refund. This helps businesses save time, effort, and maximize their refund amount.

 

Conclusion

VAT refund is a crucial process that helps businesses reduce costs and increase profits. However, this process is relatively complex with many conditions and documentation procedures that must strictly comply with legal regulations.

By using VAT refund services at Thue Tam Viet, businesses will receive detailed advice on refund conditions, comprehensive documentation guidance, and representation with tax authorities to ensure quick and effective refunds. With reasonable costs and an experienced professional team, Thue Tam Viet commits to providing businesses with peace of mind and a smooth refund process, minimizing time and complications.

If you need VAT or Import-Export tax refunds, contact Thue Tam Viet immediately for professional consultation and support.

We are confident with years of experience helping dozens of Vietnamese and international businesses from Japan, South Korea, Taiwan, China, and others successfully receive refund amounts in the shortest time possible. 100% of our clients are satisfied with Thue Tam Viet's services and are ready to recommend us to other partners.

 

Hotline: 0914.383.998

 

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