The General Department of Taxation notes that, since July 1, 2016, according to Decree 100/2016/ND-CPstatus2, in cases where an enterprise has both exported goods and services in the month/quarter, it also has exported goods and services. For domestic sales, businesses must separately account the input VAT used for the production and trading of exported goods and services (including fixed assets).
In case the enterprise cannot account separately, the input VAT amount of exported goods and services is determined according to the ratio between the revenue of exported goods and services to the total revenue of goods and services of the enterprise. VAT declaration periods are calculated from the tax declaration period following the previous tax refund period to the current tax refund request period.
The input VAT amount of exported goods and services (including the input VAT amount that can be accounted for separately and the input VAT amount allocated according to the ratio of revenue) if after offsetting with the VAT amount must be The remaining tax payment of domestically sold goods and services of VND 300 million or more will be considered for refund and the maximum refundable tax amount shall not exceed 10% of the revenue of exported goods and services. Source: LuatVietnam.NET
