VAT Refund GENERAL PRINCIPLES To be a credit method taxpayer When input VAT is larger than output VAT in consecutive 3 months Month VAT VAT Net VAT VAT declared input output payable refunded 12/2008 200 mil 100 mil - 100 mil 100 mil 01/2009 300 mil 350 mil + 50 mil 50 mil 02/2009 300 mil 200 mil - 100 mil 150 mil
VAT Refund GENERAL PRINCIPLES To be a credit method taxpayer When input VAT is larger than output VAT in 3 consecutive months Month declared 12/2008 01/2009 02/2009 VAT input 200 mil 300 mil 300 mil VAT output 100 mil 350 mil 200 mil Net VAT payable - 100 mil + 50 mil - 100 mil VAT refunded 100 mil 50 mil 150 mil
1012_VS-VAT%20Slides%20(Trainer).docx