Instruction for additional declaration of royalties fees
Professional activities at Vung Ang Customs Branch (Ha Tinh Customs Departement). Photo: T.Trang |
According to the analysis of the General Department of Customs, in point b.1 Clause 8 of Article 14 of Circular 39/2015/TT-BTC it is stipulated that at time of registration of a declaration, the declarant has to declare clearly the reasons why they did not declare the royalties and license fees on imported goods declaration or Customs valuation declaration. Within 05 days from the date of return, the declarant does a declaration, calculates the amount of tax payment for the actual royalties and license fees actually paid on the additional declarations after clearance, and pay fully taxes according to regulations.
In the case of royalties fees not specified for each type of goods, the declarant must choose the allocation method stipulated in paragraph 2 of Article 16 of Circular 39/2015/TT-BTC to allocate or adjustments of each type of goods based on the principle of valuation adjustments which must be fully allocated to each imported goods under the adjustments.
Therefore, Panasonic R&D center Vietnam Co., Ltd should be based on the actual imports dossier, compared with the above provisions in order to do declaration and calculate the amount of tax as prescribed. If there are any doubts, enterprises should directly contact the Customs agency where they do registration declarations for specific instructions.
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