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.
Related News
Customs revenue in Quarter 1 decreases by 3% year-on-year
09:31 | 10/04/2024 Customs
Exporting wood and wood products recovers positively
10:18 | 09/03/2024 Import-Export
The key to overcoming barriers and expanding markets for F&B businesses
09:34 | 23/01/2024 Import-Export
Efficiently harnessing internal resources creates a breakthrough for the economy in 2024
10:15 | 24/01/2024 Import-Export
Latest News
Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff
09:09 | 11/04/2024 Regulations
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations
09:31 | 10/04/2024 Regulations
More News
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th
20:09 | 07/04/2024 Regulations
Improving the customs legal system to be modern, synchronous, unified and transparent
10:33 | 07/04/2024 Regulations
New points about rules of origin in AKFTA
08:05 | 03/04/2024 Regulations
It is necessary to build a national database on cross-border trade and transport
15:23 | 29/03/2024 Regulations
Removing difficulties in tax exemption and refund policies for export processing enterprises
14:48 | 27/03/2024 Regulations
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business
15:41 | 24/03/2024 Regulations
New law expected to boost financial leasing
14:05 | 22/03/2024 Regulations
5% VAT on fertilisers to create fairer market: domestic producers
14:03 | 22/03/2024 Regulations
Why not reduce export tax on fertilizer products to 0%?
09:37 | 21/03/2024 Regulations
Your care
Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff
09:09 | 11/04/2024 Regulations
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations
09:31 | 10/04/2024 Regulations
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th
20:09 | 07/04/2024 Regulations