- Vietnam’s Tax Department has instructed tax offices to apply updated VAT refund rules retroactively to domestic export-import transactions completed before the July 2025 amendment.
- The guidance should allow refunds for past transactions that had been denied after Vietnam narrowed the program in 2022 to foreign traders with representative offices in Vietnam.
- The July 2025 legal amendment had already restored refund eligibility regardless of whether a company has a representative office, but only prospectively; the new guidance clears the backlog of unresolved refund claims.
- The move is expected to ease cash-flow pressure for South Korean manufacturers in Vietnam that had been waiting on VAT refunds since the restrictions were imposed.
Source: finance.biggo.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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