Official letter 6626/CTBGI-TTHT about VAT refund of investment projects as follows:
In case a business establishment that has registered to pay VAT by the credit method has a new investment project, is in the investment stage, and has a VAT number of goods and services purchased and used for the investment project that has not yet been used. are deducted and the remaining tax amount is 300 million VND or more, the input VAT of the first period will be refunded (except for cases that are not eligible for tax refund according to regulations).
In case an investment project is divided into several stages and investment items: For completed items and generating revenue, input VAT incurred after the time of revenue generation, the input VAT amount will not be refunded. If the income is incurred before the time of revenue generation, if it meets the conditions for deduction and conditions in Article 1 of Circular 130/2016/TT-BTC, it will be considered for tax refund according to regulations.
