Decree No. 49/2022/ND-CP dated 29/07/2022 of the Government amending and supplementing a number of articles of Decree No. 209/2013/ND-CP dated 18/12/2013 of the Government detailing and guiding the implementation of a number of articles of the Law on Value Added Tax as amended and supplemented by Decree No. 12/2015/ND-CP, Decree No. 100/2016/ND-CP and Decree No. 146/2017/ND-CP
The Decree clarifies the policy of refunding value-added tax (“VAT”) on investment projects of business establishments and conditional business investment lines provided that input VAT has not been fully deducted from VND 300 million or more, in the following cases:
- has been granted a business license for a conditional business investment by a competent state agency in one of the following forms: a license or certificate or a written confirmation or approval.
- is not or is not required to request a competent state agency to issue a business license for a conditional business investment in one of the following forms: License or certificate or written confirmation or approval.
In addition, the Decree also amends and supplements the regulations on determining the deductible land price, the taxable price for electricity production activities and the method of paying VAT for business households.
The Decree takes effect on September 12, 2022.
Particularly, the provisions on VAT refund for investment projects of business establishments and conditional business investment lines in Clause 3, Article 1 of this Decree shall apply from the effective date of Decree No. 100/2016/ND-CP dated July 1, 2016 of the Government.