On 28 February, the Ministry of Finance released Circular 13/2023, which provides guidance on the implementation of Decree 49/2022. Circular 13/2023 takes effect from 14 April 2023. The following brief changes are provided below:
- The VATable price determination for transfer of real estate
- VAT refund for investment projects – The requirement of the construction period to last more than one year to get VAT refund is removed.
- VAT refund for conditional sectors is allowed as per circular 13.
Source – PwC – Vietnam
