Inspecting products made from recycling and waste treatment activities

By Nu Bui/Ngoc Loan

10:47 | 25/06/2022 Regulations Follow english.haiquanonline.com.vn on

VCN – The General Department of Vietnam Customs (GDVC) has directed local customs departments to implement post-clearance audits for all exported products made from recycling and waste treatment activities, and collect tax arrears for goods exempt from tax inconsistent with regulations.

	VASEP proposes supplementing quarantine regulations for fishery products
	Five-month exports of agro-forestry-aquatic products up nearly 17 percent
	South Africa a potential market for Vietnam’s fishery products: official

Inspecting products made from recycling and waste treatment activities

The destruction of goods at Mong Cai City Solid Waste Treatment Plant of Mien Dong Waste Treatment Joint Stock Company.

The GDVC issued Official Dispatch 2344/TCHQ-TXNK instructing local customs departments to implement preferential policies on export tax for products produced from recycling and waste treatment activities.

Accordingly, in the first phase from September 1, 2016 to before July 1, 2019, the country’s top customs department requests the customs departments to comply with point b, Clause 19, Article 16 of the Law on Import and Export Duty as saying that the exported products made from recycling and waste treatment activities are exempt from export duty.

The GDVC also cites Clause 3, Article 25 of Decree 134/2016/ND-CP as stipulating that the identification of export products produced from waste recycling and treatment activities must comply with regulations of the Ministry of Natural Resources and Environment; Clause 6, Article 40 of Decree 134/2016/ND-CP as saying that the Ministry of Natural Resources and Environment will issue the list or criteria to determine these export products.

The Ministry of Finance stipulates that the export duty exemption and reduction for products will comply with Clause 12, Appendix 3 of Decree 19/2015/ND-CP upon export. The Ministry of Natural Resources and Environment will guide the list of products specified in Clause 12, Appendix 3 of this Decree.

According to the provisions of Clause 12, Appendix 3 of Decree 19, the production of products from recycling and waste treatment activities is listed in protection activities by the competent agency.

In phase 2, from July 1, 2019 to December 31, 2021, customs will comply with Point b, Clause 19. Article 16 of the Law on Import Tax and Export Tax as regulating that exported products made from recycling and waste treatment activities are exempt from export duty.

Accordingly, Clause 3, Article 25 of Decree 134/2016/ND-CP stipulates that the determination of export products produced from waste recycling and treatment activities must comply with regulations of the Ministry of Finance and the Ministry of Resources and Environment. Meanwhile, the legal regulations on environmental protection are implemented under Clause 23, Article 2 of Decree 40/2019/ND-CP.

Clause 3, Article 44 of Decree 19/2015/ND-CP stipulating items subject to import tax incentives says that products made from recycling and waste treatment activities specified in Clause 12, Appendix 3, Section 2 issued together with this Decree are products listed in investment project and investment registration certificate of waste treatment facilities.

The GDVC has directed local customs departments to implement post-clearance audit for all exported products made from recycling and waste treatment activities in the two phases, and collect tax arrears for goods exempt from tax inconsistent with regulations.

At the same time, it has directed these departments to report on the reason for imposing or collecting tax arrears (if any) and make the statistical table of the data according to the attached form.

By Nu Bui/Ngoc Loan

Tags:

products recycling waste treatment activities post clearance audits

Related News

Plastic exporters interested in converting to recycling technology

16:36 | 01/11/2024 Import-Export

VCN - The Vietnamese plastics industry is facing major challenges in terms of plastic waste and recycling needs. Secretary General of the Vietnam Plastics Association Huynh Thi My (pictured) shared important information about the transformation in production of plastics enterprises to meet increasing export demands.

Supporting industry enterprises: Learning standards, understanding opportunities

09:46 | 13/10/2024 Import-Export

VCN - Currently, many potential industries have "opened" opportunities for Vietnamese enterprises to enter, such as the semiconductor industry, supporting industries for the aviation sector. However, the higher the added value of the sector, the more it requires enterprises to meet international standards.

If it is "permissive", OCOP products will not be effective for export

14:12 | 19/07/2024 Import-Export

VCN - According to experts, if it is "permissive" in recognizing OCOP products, only caring about beautiful designs and packaging without paying attention to quality, transparency of environmental and social issues..., it will not be effective in exporting.

Building a Vietnamese brand associated with green and sustainable development

09:58 | 15/07/2024 Import-Export

VCN - According to experts, in the current context, branding becomes more urgent, helping to increase endogenous resources for businesses, helping businesses move towards strong development, gradually reaching further in the domestic and world markets.

Latest News

The Government adjust import and export tariff rate on certain goods

09:01 | 05/11/2024 Regulations

VCN - On November 1, 2024, the government issued Decree 144/2024/ND-CP, amending and supplementing certain provisions of Decree 26/2023/ND-CP on the export tariff schedule, the preferential import tariff schedule, tariff nomenclature, and the fixed duties, mixed duties, and out-of-quota import duties.

"One law amending four laws" on investment to decentralize and ease business challenges

16:44 | 01/11/2024 Regulations

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") focuses on amending conflicting regulations that are causing obstacles, to facilitate investment, production, and business activities.

One law amending seven financial laws: New driving force for economic growth

16:34 | 01/11/2024 Regulations

VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simplified procedure and will be approved at this session. The simultaneous amendment of many provisions in the laws in the financial sector and their early approval demonstrate the determination and great efforts of the National Assembly, the Government, and the Ministry of Finance in creating a system of open and appropriate policies, promoting investment resources in the economy, thereby promoting economic growth in the new period.

Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

08:54 | 30/10/2024 Regulations

VCN - In the short term, applying 5% VAT on fertilizers may increase selling prices, but in the long term, farmers will benefit from this policy. When the fertilizer manufacture is deducted input tax, it will help reduce investment cost and production cost.

More News

Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

11:34 | 27/10/2024 Regulations

Recently, the implementation of a series of policies on tax, fee, and land rent exemption, reduction, and deferral has provided timely support for businesses to recover and develop, thereby making positive contributions to economic growth.

Revamping commodity management and trade protection

11:26 | 26/10/2024 Regulations

VCN - Completing commodity management policies combined with applying trade defense measures plays an important role in protecting the interests of businesses and the Vietnamese economy. Close coordination between management agencies not only helps prevent trade fraud but also creates favorable conditions for exporting businesses, minimizing risks from anti-dumping lawsuits.

Tax support policy is a "lift" for business bounceback

14:52 | 24/10/2024 Regulations

VCN- Sharing with Customs Magazine, economic expert, Associate Professor, Dr. Dinh Trong Thinh highly appreciated the effectiveness of tax and fee reduction measures implemented by the Government and the Ministry of Finance. These policies not only enable businesses to reduce input costs and increase profits, but also promote consumption and production of businesses.

VAT policy for on-the-spot imports

13:44 | 23/10/2024 Regulations

VCN- The General Department of Vietnam Customs has instructed Dong Nai Food Industry Corporation on VAT policy for imported tobacco leaves separated from stems.

Applying tax on animal feed ingredient faces problems due to specialized regulations

10:17 | 21/10/2024 Regulations

VCN - The unified application of regulations of specialized legal documents related to value-added tax (VAT) policies on imported raw materials for animal feed has caused many problems. Notably, the accurate identification for imported raw materials for animal feed not only causes difficulties for the enterprise but also for the enforcement authority.

Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

15:29 | 20/10/2024 Regulations

VCN - The Ministry of Finance has just completed the draft Decree of the Government regulating the reduction of land rent in 2024. Accordingly, in the latest Draft, the Ministry of Finance directly proposed to choose the reduction level according to option 2 of 30%.

Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"

00:00 | 19/10/2024 Regulations

VCN - According to the representative of the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Finance and the National Assembly Committees are urgently collecting opinions to complete the draft Law amending seven Laws, to ensure that the issued regulations are reasonable and remove difficulties for businesses.

Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive

10:29 | 18/10/2024 Regulations

VCN - As import and export activities increase, security risks also increase. Therefore, to meet the requirements of both strict security control and shortening clearance time, facilitating trade, one of the effective solutions is to cooperate, exchange and process information before the goods arrive.