Export processing enterprises must meet inspection and supervision conditions before April 25

Export processing enterprises must meet inspection and supervision conditions before April 25

VCN - In order to avoid problems related to the application of tax policies on free tax zone (FTZ) after the effective date of Decree 18/2021 of the Government (April 25, 2022) for export processing enterprises (EPEs), the Customs is actively urging enter
Tax exemption will not apply if purchasing products of domestic enterprises under the type of in-country import

Tax exemption will not apply if purchasing products of domestic enterprises under the type of in-country import

If a domestic enterprise purchases products of another domestic enterprise under the type of in-country import to export production, the company will not be eligible for import tax exemption
Tax declaration and payment for processed products imported into the domestic market

Tax declaration and payment for processed products imported into the domestic market

VCN - The value of supplies and raw materials that domestic enterprises send for processing at the export processing enterprise will not be included in the taxable value.
Removing problems for import and export businesses of medicines and medicinal ingredients

Removing problems for import and export businesses of medicines and medicinal ingredients

VCN - At a recent business dialogue with European businesses, the General Department of Customs answered questions from enterprises, including questions on customs procedures for importing and exporting medicines and medicinal ingredients.
Unifying regulations on one-way international money transfer

Unifying regulations on one-way international money transfer

VCN - Payment and money transfer activities of banks have helped organizations and individuals send money abroad for lawful purposes. But in fact, these activities are stipulated in many different documents.
Specific guidance on reduction for dependents

Specific guidance on reduction for dependents

VCN - Hanoi Tax Department has just issued specific instructions on reductions for dependents in the personal income tax finalization period 2021.
Importers are entitled to tax refund when re-exporting unprocessed or processed goods

Importers are entitled to tax refund when re-exporting unprocessed or processed goods

VCN - The customs authority shall inspect 100% of re-exported goods and determine that if re-exported goods are previously imported goods, unused, processed and re-exported by the importers, the importers will receive a refund of the paid import tax.
Strictly follow regulations in tax incentive programs

Strictly follow regulations in tax incentive programs

VCN - The General Department of Customs requires customs units to accelerate the implementation of tax incentive programs.
Based on purpose of use and status of goods to choose customs regime

Based on purpose of use and status of goods to choose customs regime

VCN – According to customs authorities, enterprises will base on the purpose of use and status of export goods to declare customs regime. On April 1, 2015, the General Department of Customs issued Dispatch 2765/TCHQ-GSQL to guide the import and export reg
Inspecting imported goods for Covid-19 prevention and control

Inspecting imported goods for Covid-19 prevention and control

VCN - The Government issued Resolution 169/ND-CP, Resolution 106/ND-CP, Dispatch 197/TTg-KTTH.
Actively improving legal documents in the field of customs

Actively improving legal documents in the field of customs

VCN - In the first quarter of 2022, the General Department of Customs has actively coordinated and urged to speed up the approval process for the project on improving customs legal mechanisms and policies which has been submitted to the Government.
Malaysia will grant paper C/O form D due to system error

Malaysia will grant paper C/O form D due to system error

VCN- Malaysia will grant paper C/O form D to support businesses due to the system error for e-C/O form D.
Are imported goods that have not been used, processed and must be re-exported subject to tax refund

Are imported goods that have not been used, processed and must be re-exported subject to tax refund

That is the question of Tuong Nguyen Import-Export Trading Service Co., Ltd. related to imported goods that have not been used, processed but must be re-exported (type code B13).
Ministry proposes extending excise tax payment for local auto firms

Ministry proposes extending excise tax payment for local auto firms

The Ministry of Finance (MoF) has proposed the Government continue extending the deadline for excise tax payment for domestically-manufactured and assembled cars.
Which case will not accept cancellation due to making an incorrect declaration

Which case will not accept cancellation due to making an incorrect declaration

When the customs declaration has been cleared or released, and goods have passed the customs supervision area, if they are declared the wrong type, they would not be eligible for declaration cancellation
When can enterprises make an invoice for VAT reduction of 8%

When can enterprises make an invoice for VAT reduction of 8%

The General Department of Taxation issued a document guiding the time to make an invoice in order to be entitled to VAT reduction from 10% to 8%.
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Reporting to the National Assembly for considering VAT reduction in the second half of 2024

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report to National Assembly for consideration and allowing to implementing in the second half of 2024.
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

VCN - The Ministry of Health, according to its assigned functions, tasks and authority, presides and coordinates with the Ministry of Finance and relevant agencies to urgently review, research, amend and complete the Ministry's regulations on import and e
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

The Ministry of Finance has responded to the suggestions of VAMA regarding the adjustment of reducing automobile volume to apply a tax rate of 0% for imported components and spare parts used for manufacturing automobile
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

The Ministry of Trade and Industry issued Circular 05/2024/TT-BCT regulating the temporary suspension of temporary import and re-export of Monazite ores and ore concentrates business.
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