Merging two circulars providing customs value of imports and exports

VCN - On April 23, the Ministry of Finance issued Document No. 21 / VBHN-BTC to merge Circular 39/2015 / TT-BTC and Circular 60/2019 / TT-BTC regulating the customs value for imports and exports. The content of this document does not change the content and validity of the two merged circulars.

merging two circulars providing customs value of imports and exports Hai Phong Customs implements clearance for more than 93,000 declarations during social distancing
merging two circulars providing customs value of imports and exports Quang Ninh Customs continues implementing nine procedures on National Single Window System
merging two circulars providing customs value of imports and exports Customs proposes solutions to remove difficulties in late submission of C/O due to the Covid-19 pandemic

Document 21 / VBHN-BTC merging Circular No. 39/2015 / TT-BTC dated March 25, 2015, providing customs value of imports and exports, effective from April 1, 2015 and Circular 60/2019 / TT-BTC dated August 30, 2019 amending and supplementing a number of articles of Circular 39/2015 / TT-BTC, effective from October 15, 2019.

merging two circulars providing customs value of imports and exports
Quang Ninh Customs officers conduct customs rulings with enterprises. Photo: T. Trang

Document 21 / VBHN-BTC aims to help management agencies, public servants, businesses, customs declarants and people can quickly search provisions of Circular 39/2015 / TT -BTC and Circular 60/2019 / TT-BTC in the most comprehensive and convenient manner regarding the regulations on customs value of imports and exports.

Through monitoring the inspection, ruling and valuation, the General Department of Customs recognizes some emerging problems from practical implementation.

Therefore, to ensure and organize the implementation, avoid arising problems and overcome these situations, the General Department of Customs has requested the provincial and municipal Customs Departments to organize training and disseminate full provisions of Circular 39/2015 / TT-BTC, Circular 60/2019 / TT-BTC and the guidance documents of the General Department of Customs.

Regarding the customs management method in the field of value, Circular 60/2019 / TT-BTC supplements subjects under management that are risky enterprises. This is an important change in the customs management method, from management by each transaction into management by the subject of import and export.

merging two circulars providing customs value of imports and exports Customs continues to issue a dispatch guiding procedures for glutinous rice exports

VCN- To facilitate enterprises, the General Department of Vietnam Customs continues to issue a dispatch guiding procedures ...

Circular 60/2019 / TT-BTC also stipulates a list of risky enterprises of customs value as a content in the price database, they aresubject to value inspection during and after customs clearance. The including of enterprises into Circular 60/2019 / TT-BTC is a warning to the business community that the Customs office will strengthen inspection of high-risk businesses and create favorable conditions for legitimate businesses.

By Dao Le/ Huyen Trang

Related News

Quang Tri Customs makes great effort to foster imports and exports across area

Quang Tri Customs makes great effort to foster imports and exports across area

VCN – Quang Tri Customs Department determines that accompanying businesses is a requirement and responsibility to support businesses in overcoming difficulties, contributing to the socio-economic development in the area.
Removing difficulties in tax exemption and refund policies for export processing enterprises

Removing difficulties in tax exemption and refund policies for export processing enterprises

VCN - The Customs agency has received many proposals from businesses about answering and guiding policies on tax exemption, import tax and VAT refund for export processing enterprises. The General Department of Customs has responded and provided instructions for each specific case.

Latest News

Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business

Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business

VCN - Scrap is a sensitive item with many potential risks of environmental pollution, directly affecting human health and the ecosystem. Therefore, strict management measures are needed to avoid the risk that Vietnam become a scrap gathering country in the world.
New law expected to boost financial leasing

New law expected to boost financial leasing

The law, which will take effect from July 1 this year, allows financial leasing companies to establish subsidiaries to handle and exploit bad debt assets. It also states that small financial leasing deals with value under VNĐ100 million do not need to control the purpose of capital use.
5% VAT on fertilisers to create fairer market: domestic producers

5% VAT on fertilisers to create fairer market: domestic producers

The absence of VAT on fertilisers has prevented domestic producers from declaring and deducting input VAT, which leads to higher cost of domestically produced fertilisers, by an estimated 5-8 per cent, and makes them vulnerable in competition from imported fertilisers.
Why not reduce export tax on fertilizer products to 0%?

Why not reduce export tax on fertilizer products to 0%?

VCN - Clarifying a number of contents related to the draft Decree amending and supplementing a number of articles of Decree No. 26/2023/ND-CP on Preferential Export Tariffs, Import Tariffs, List of Goods and Rates Absolute tax, mixed tax, import tax outside the tariff quota regarding the export tax rate for some types of fertilizers, the Ministry of Finance has clarified the reason why it does not adjust the export tax rate for this product.

More News

Ho Chi Minh City Customs proposed to reduce VAT

Ho Chi Minh City Customs proposed to reduce VAT

VCN - Ho Chi Minh City Customs Department proposed that the Ministry of Finance advise the Government to apply a reduction in the Value Added Tax (VAT) rate of 2% for all groups of goods and services which currently subject to the 10% VAT rate, uniform at the stages of import, production and consumption.
Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

VCN - The Law on Credit Institutions (amended) has tightened the maximum ownership ratio and lending ratio to limit the influence of shareholder groups as well as minimize risks from credit concentration for banks.
VCCI proposes zero tax rate to be maintained for exported services

VCCI proposes zero tax rate to be maintained for exported services

The Vietnam Chamber of Commerce and Industry (VCCI) has proposed a zero-value added tax (VAT) rate to be maintained for exported services, over worries that tax hikes would undermine the competitiveness of Vietnamese providers against foreign rivals.
Ministry of Finance anwser voters about on-spot imports and exports

Ministry of Finance anwser voters about on-spot imports and exports

VCN - The Ministry of Finance has been collecting comments from related ministries and branches to aggregate and submit options to the government for abolishing Article 35 of Decree 08/2015/NĐ-CP. It aims to ensure the consistency and synchronism between the legal system and the reality.
Customs instructs C/O submission for imported cane sugar products

Customs instructs C/O submission for imported cane sugar products

VCN – Sugar products are allowed to apply tariff quotas when joining the WTO. The sugar products imported from ASEAN member states under Circular No. 23/2019/TT-BCT dated November 13, 2019, are required the Certificate of Origin form D.
SBV drafts regulations on a testing mechanism for Fintech

SBV drafts regulations on a testing mechanism for Fintech

VCN - To prevent risks and promote new products, services, and business models, the State Bank of Vietnam (SBV) has developed a draft Government decree stipulating a controlled testing mechanism in the banking sector.
Finance sector abolishes 40 administrative procedures

Finance sector abolishes 40 administrative procedures

VCN - The Ministry of Finance said that in the first two months of 2024, the Ministry of Finance issued four decisions announcing amendments and supplements and replacement of 21 administrative procedures; abolishing of 40 administrative procedures and issuing 10 new administrative procedures in the fields of tax and insurance.
Automate the registration fee management process

Automate the registration fee management process

VCN - The General Department of Taxation is reviewing and completing the Draft of the procedure to replace the Registration Fee Management Process for other assets subject to registration fee (except houses and land).
Mixed tax regime not yet applied on beer and alcohol products

Mixed tax regime not yet applied on beer and alcohol products

The Government has decided not to apply the mixed tax regime on beer and alcohol products.
Read More

Your care

Latest Most read
Removing difficulties in tax exemption and refund policies for export processing enterprises

Removing difficulties in tax exemption and refund policies for export processing enterprises

VCN - The Customs agency has received many proposals from businesses about answering and guiding policies on tax exemption, import tax and VAT refund for export processing enterprises. The General Department of Customs has responded and provided instructi
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business

Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business

VCN - Scrap is a sensitive item with many potential risks of environmental pollution, directly affecting human health and the ecosystem. Therefore, strict management measures are needed to avoid the risk that Vietnam become a scrap gathering country in th
New law expected to boost financial leasing

New law expected to boost financial leasing

The law, which will take effect from July 1 this year, allows financial leasing companies to establish subsidiaries to handle and exploit bad debt assets. It also states that small financial leasing deals with value under VNĐ100 million do not need to control the purpose of capital use.
5% VAT on fertilisers to create fairer market: domestic producers

5% VAT on fertilisers to create fairer market: domestic producers

The absence of VAT on fertilisers has prevented domestic producers from declaring and deducting input VAT, which leads to higher cost of domestically produced fertilisers, by an estimated 5-8 per cent, and makes them vulnerable in competition from imported fertilisers.
Why not reduce export tax on fertilizer products to 0%?

Why not reduce export tax on fertilizer products to 0%?

VCN - Carry out assigned tasks in Resolution No. 58/NQ-CP dated April 21, 2023, to promptly meet practical requirements, remove difficulties for production and business, and contribute to promoting the innovation of administrative procedures and preventin
Mobile Version