TAX Refund service for foreigners.

Value-added tax (VAT) refund plays a crucial role in the cash flow and tax budget of companies.
Tax refund for foreigners and foreign companies permits them to claim back Value Added Tax (VAT) on items purchased and other transactions which charged VAT.

The significant benefits foreign individuals and companies when they succeed in receiving a tax refund include:

• Individuals have money back to support their daily needs Reduction in tax cost/tax burden is always a pressure on companies
• The refunded tax amount can help companies to ease their obligation and use the refunded VAT amount to pay other types of tax;
• With a tax refund, companies have the funds to provide available working capital for making finance operation and expansion plans

According to the provisions of Tax Law in Vietnam, the tax refund must satisfy the following conditions:

• Have an overpaid tax amount at the time of tax finalization
• Have a request for a tax refund
• Have a tax code at the time of tax refund

• A written request for refund of state budget revenues (under form No. 01/ĐNHT issued together with Circular 156/2013/TT-BTC).
• A photocopy of the personal income tax payment receipt and voucher and the legal representative of the income paying organization or individual signing the commitment to take responsibility in that photo.
• Authorization letter for tax finalization (under form 02/UQ-QTT-TNCN issued together with Circular 92/2015/TT-BTC) on the authorization of tax finalization by individuals