Foreign visitors to get VAT refunds
Foreign visitors and overseas Vietnamese will get VAT refunds on purchases made in Viet Nam from July 1, 2012 to June 30, 2014, when exiting the country through Noi Bai or Tan Son Nhat international airports, the Ministry of Finance said.
Visitors may claim back 85 per cent of the Value Added Tax (VAT) charged on goods purchased in the country.
According to the General Department of Viet Nam Customs, goods subjected to a VAT refund must not be among those prohibited for export. Neither must they be listed for export under Ministry of Industry and Trade permits nor subject to special management.
To qualify for a VAT refund, a tax refund declaration form must be issued within 30 days from the departure date and have a valid invoice for goods costing at least VND2 million.
A VAT refund will be available 24/7.
The tax refund will be paid in dong or a foreign currency in line with bank exchange rates.
Before checking security for sending goods and getting passing card for being on flight, the foreigner must submit the following documents for inspection at the customs counter to claim a refund – a bill-cum-VAT refund declaration form and a receipt, along with the goods in question.
The foreigner must also show a passport or identification papers.
If the purchases are not to take on board as hand luggage, the visitor must present the goods and a relevant tax invoice at a VAT refund desk or to a customs official prior to check in.