The Government has issued Decision 05/2012/QD-TTg dated January 19, 2012 on a pilot programme refunding the value-added tax for goods purchased by foreigners in Vietnam when exiting the border gates of Noi Bai International Airport and Tan Son Nhat International airport.
The Government has issued Decision 05/2012/QD-TTg dated January 19, 2012 on a pilot programme refunding the value-added tax for goods purchased by foreigners in Vietnam when exiting the border gates of Noi Bai International Airport and Tan Son Nhat International airport.
Goods refunded value added tax under the provisions of this decision must satisfy the following conditions: being goods subject to value added tax, unused and allowed to bring along on the aircraft as prescribed by security and aviation safety law; not being in the list of goods banned from export or list of goods limited for export; having the invoices together with declarations of tax refund issued within 30 days from the date of departure to their countries; the value of goods recorded in invoice and declaration of tax fund for goods bought at least from two million VND or more.
When tax is refunded, individuals have to pay a fee for the tax refund service as regulated by the Ministry of Finance. However, it shall not exceed 15% on the total amount of value added tax which must be refunded.
This decision will take effect from July 01, 2012. The pilot programme under the provisions of this decision will last for two years (from July 01, 2012 to the end of June 30, 2014).
(Source: CPV)
