Circular 31/2017 / TT - BTC on correction and supplementation for circular 99/2016 / TT - BTC on the VAT refund was issued on April 18, 2017.
The contents are as stated below.
· If the tax authorities decide to revise the VAT or offset with accrued
VAT, the tax authorities shall record the information in the tax administration
system by the date of decision. Also, it is necessary to announce the information
to the national treasury by the next business day.
· If the national treasury decides to revise the VAT or offset it with
unpaid VAT, it is necessary to refund the company within one business day.
· The tax authorities need to update the information on the website of
the General Department of Taxation (GDT) if a refund is made. (Previously,
in circular 99, only application of refund, explanation, other information
and decision)
This circular will be effective from June 2, 2017.