VAT refund
A VAT refund occurs
when the VAT input value exceeds the VAT output value for a VAT reporting period. The VAT
refund is submitted electronically.
Vietnam specifics
VAT refunds are not permitted in cases where taxpayers have accumulated outstanding input VAT 12 months or more; instead, taxpayers must carry forward the input VAT.
How Infor meets this requirement
Use the VAT Report form to compare VAT input and output values, to determine whether a refund should be available.