Merging two circulars providing customs value of imports and exports

By Dao Le/ Huyen Trang

06:48 | 02/05/2020 Regulations Follow english.haiquanonline.com.vn on

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.

	Hai Phong Customs implements clearance for more than 93,000 declarations during social distancing
	Quang Ninh Customs continues implementing nine procedures on National Single Window System
	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.

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

Tags:

Related News

Terminate Pilot Project on Importing Medicinal Herbs across Chi Ma Border Gate

15:01 | 05/11/2024 Customs

VCN - On October 30, 2024, the Government issued Resolution No. 210/NQ-CP on terminating the Pilot Project on Importing Medicinal Herbs under Resolution No. 111/NQ-CP dated September 23, 2021 of the Government on implementing the Pilot Project on Importing Medicinal Herbs across Chi Ma Bilateral Border Gate (Lang Son).

Regulating goods across Huu Nghi International Border Gate during peak times

19:37 | 02/11/2024 Customs

VCN – In order to reduce the pressure on customs clearance of import and export goods for the international border gate pair during peak times, the management agency of Lang Son (Vietnam) has just discussed with the management authority of Pingxiang (China) to strengthen coordination in regulating the means of transporting goods of enterprises on both sides.

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.