Handling administrative fines if failing to declare and pay VAT at the time of on-spot import
28/05/2022 19:52 Regulations
According to current regulations, on-spot importers who fail to declare and pay value-added tax at the time of carrying out the on-spot import of goods for export production will be administratively sanctioned.
Businesses recommend procedures to support cross-border e-commerce development
23/05/2022 20:10 Regulations
VCN - The Ministry of Finance (General Department of Customs) has developed and submitted to the Government a Decree on customs management for imports and exports transacted via e-commerce. While waiting for the issuance of the decree, businesses have rai
Formulating new Export Tariff schedule and Preferential Import Tariff schedule
19/05/2022 19:33 Regulations
The Ministry of Finance announced the draft report on the draft Decree of Export Tariff schedule and Preferential Import Tariff schedule and a list of commodities
Solving problems with declarations about on-spot import for export production
17/05/2022 09:48 Regulations
VCN - Facing problems of local customs units about applying the customs regime for declarations about on-spot import for export production, the General Department of Customs gave specific instructions.
Steel cable products are not entitled to VAT reduction
16/05/2022 14:45 Regulations
VCN – Facing the proposal for guidance from Rita Vietnam Industry JSC regarding value-added tax (VAT) policy for imported goods under Decree 15/2022/ND-CP, the General Department of Customs said, based on current regulations, steel cable products are not
Temporary solution to solve problems in quality inspection for aquatic feed
14/05/2022 11:38 Regulations
VCN - Due to the inconsistency in applying the policy on quality inspection for aquatic feed ingredients, both businesses and Customs are facing problems.
Guidance on new C/O form D
10:36 | 11/05/2022 Regulations
The General Department of Vietnam Customs has guided local customs departments on documents of certificate of origin form D (C/O form D) granted from May 1, 2022.
Instructions for applying customs regime when transferring materials from one contract to another
20:19 | 07/05/2022 Regulations
VCN - According to the guidance of the General Department of Customs, in case an enterprise transfers raw materials and supplies from one processing contract to another, the customs regime E54 should be used.
Revising regulations on making separate invoices for goods entitled to VAT reduction
10:31 | 06/05/2022 Regulations
VCN - The Ministry of Finance is proposing to amend Clause 4, Article 1 of Decree 15/2022/ND-CP to create conditions for businesses to implement the value-added tax (VAT) reduction policy.
Guide the use of customs regime for import and export goods
13:59 | 05/05/2022 Regulations
VCN - The General Department of Customs has guided local customs departments on many contents related to the use of the customs regime according to Decision 1357 dated May 8, 2021 of the General Department of Customs.
VAT not levied on damaged rental or borrowed goods that have been destroyed
17:27 | 04/05/2022 Regulations
VCN - According to the General Department of Customs, in the process of using leased or borrowed goods, if the goods are damaged and ineligible for re-export, required for destruction, and went through the destruction procedures according to regulations,
Post-clearance audit to review the use of duty-free goods
14:07 | 30/04/2022 Regulations
VCN – According to regulations, the customs agency where the notice of the duty-free list shall review the use of the goods at the head office of the project owner in accordance with risk management principle, post-clearance audit orders and procedures.
Export production goods will not eligible for tax exemption if they are in-country imported between two domestic enterprises
09:58 | 27/04/2022 Regulations
Article 16 of the Law on Import and Export Duties only stipulates that tax exemption will be applied for raw materials, supplies, and components imported for export production.
Questions answered on procedures for goods in e-commerce transactions
08:44 | 26/04/2022 Regulations
VCN - The General Department of Customs has answered questions on customs procedures for goods in e-commerce transactions, and provided updated information about orders, and transportation of goods of member enterprises of the European Chamber of Commerce
Export processing enterprises must meet inspection and supervision conditions before April 25
10:13 | 25/04/2022 Regulations
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
09:44 | 24/04/2022 Regulations
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
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Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
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
10:33 | 13/04/2024 Regulations
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
09:09 | 11/04/2024 Regulations
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
09:31 | 10/04/2024 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
20:09 | 07/04/2024 Regulations
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.