VAT refund for investment projects in other provinces and cities

In the case of the company’s headquartered in Binh Duong province; implementing the investment project "Raw Cashew Cutting Factory", which is a new investment project in Binh Dinh province. The project became operational in February 2021. The Company did not submit a VAT refund request for the investment project and instead carried forward the unreimbursed VAT amount to the 01/GTGT declaration form for production and business activities. If the input VAT amount of exported goods (including the input VAT amount of investment activities, construction and formation of fixed assets that meet the provisions of the law on investment and in service of production and trading of export goods) exceeds the payable VAT amount of goods and services for domestic consumption of VND 300 million or more, they will still be eligible for a tax refund. The refundable VAT amount for exported goods and services must not exceed 10% of the turnover from those exported goods and services.