FDI enterprises are instructed to use List of goods exempt from tax

Customs officers of Investment Customs Branch instruct procedures for enterprises. Photo: T.H

According to Deputy Manager of Investment and Processing Customs Branch Nguyen Thi Thanh Hang, pursuant to Point 15, Article 1, Decree No.18/2021/NĐ-CP of the Government dated March 11, 2021 on supplementing and amending Article 30, Decree No.134/2016/NĐ-CP of the Government stipulating the responsibility of project managers in the use of duty-free goods and announce the situation of using duty-free goods under the List of goods exempt from tax; pursuant to the provisions of Point c.1, Point c.2 Clause 1 Article 5 of Decision No. 3394/QD-TCHQ dated December 31, 2021 of the General Department of Vietnam Customs on stopping the use of the List of goods exempt from tax, the Investment and Processing Customs Branch has systematized many important contents to guide enterprises in implementation.

Accordingly, for the List of goods exempt from tax whose import term has expired (the estimated time limit for ending importation was registered at the time of registration to the List), it is no longer valid for implementing customs procedures for those projects.

If the project continues to operate, the enterprise is requested to send a notice of the termination of importation of goods on the list of goods exempt from tax, and commit to using of the imported goods for the right purposes as prescribed by law and return the original deduction monitoring sheet to the Investment Customs Branch.

Annually, within 90 days from the end of the fiscal year, the enterprise shall notify the use of duty-free goods in the fiscal year to the Investment Customs Branch until the entire project is terminated or the goods have been re-exported out of Vietnam or when the goods are changed to domestic consumption or destroyed.

Failure to submit the notice of use of duty-free goods within the prescribed time limit will result in an administrative penalty according to Point b, Clause 3, Article 7 of Decree No. 128/2020/ND-CP dated October 19, 2020 of the Government on the sanction of administrative fines in the field of customs.