Some HS codes converted to comply with the list of import and export goods 2022

Some HS codes converted to comply with the list of import and export goods 2022

VCN - According to the General Department of Customs, some products with HS codes specified in Circular 65/2017/TT-BTC have been converted to comply with List of import and export goods of Vietnam issued together with the Circular 31/2022/TT-BTC (referred
Officially submit to the Government the Decree to reduce 50% of registration fees for domestically manufactured  and assembled cars

Officially submit to the Government the Decree to reduce 50% of registration fees for domestically manufactured and assembled cars

VCN - The Ministry of Finance has just submitted to the Government a project of a decree regulating the level of registration fee collection for domestically manufactured and assembled automobiles.
New regulations on land border gate management

New regulations on land border gate management

VCN - Accordingly, the Decree revises regulations on the responsibilities of specialized state management agencies at border gates.
New regulations create facilitation in the origin management of imported and exported goods

New regulations create facilitation in the origin management of imported and exported goods

VCN - The Ministry of Finance has just issued Circular 33/2023/TT-BTC regulating the determination of origin of exported and imported goods. Circular 33 takes effect from July 15 and replaces circulars No. 38/2018/TT-BTC, 62/2019/TT-BTC, 47/2020/TT-BTC, a
The policy on the management of import and export goods is still inadequate and difficult to implement

The policy on the management of import and export goods is still inadequate and difficult to implement

VCN - The administration of management policies for several new items arising in the past period is still inadequate and unclear, causing difficulties for enforcement agencies at the border gate.
Ministry of Finance suggests not implement 50% reduction in car registration fee

Ministry of Finance suggests not implement 50% reduction in car registration fee

VCN - In Report No. 97/TTr-BTC dated May 31 to the Government Standing Committee on the proposal of registration fee collection for domestically manufactured and assembled automobiles, the Ministry of Finance continued to request that not implement a 50%
Imposing a consumption tax on sugary drinks is appropriate to the current context

Imposing a consumption tax on sugary drinks is appropriate to the current context

VCN - Regarding the legal basis for bringing this item into the special excise taxable category, the Ministry of Finance said, Decision No. 02/2022/QD-TTg of the Prime Minister approving the National Nutrition Strategy.
The abolition and replacement of 3 administrative procedures in the field of customs

The abolition and replacement of 3 administrative procedures in the field of customs

VCN - The General Department of Customs requires its units and subordinates to publicly announce the abolition and replacement of 3 administrative procedures in the customs field.
Revising corporate income tax incentives to respond to global minimum tax

Revising corporate income tax incentives to respond to global minimum tax

VCN - The amendment of corporate income tax (CIT) incentives helps Vietnam proactively develop solutions to cope with the application of Pillar 2 of the global minimum tax by countries around the world to maintain the attractiveness of the domestic invest
Imported processed products for export processing not subject to import tax refund

Imported processed products for export processing not subject to import tax refund

VCN - Accordingly, these products are eligible for tax refund when they have not been used, processed, and tax refund procedures will comply with the provisions of the Law on Tax Administration.
Proposal to remove obstacles on specialized inspection of aquatic products and sample goods

Proposal to remove obstacles on specialized inspection of aquatic products and sample goods

VCN - Regarding the regulations on the exemption from the quarantine of imported non-commercial aquatic animal products, according to Ho Chi Minh City Customs Department, currently, the Veterinary Department does not accept registration dossiers for anima
Amending regulations on tax registration and e-tax transactions

Amending regulations on tax registration and e-tax transactions

VCN - Taxpayers that are business households or individuals as per prescribed at Point i, Clause 2, Article 4 of this draft Circular and operating business at many places will be granted the 13-digit tax code for the next business locations.
Tariff table for the implementation of the AKFTA Agreement in the new phase: Ensuring the stability of the special preferential tariff table.

Tariff table for the implementation of the AKFTA Agreement in the new phase: Ensuring the stability of the special preferential tariff table.

VCN - On March 8, 2022, the Government issued Resolution No. 29/NQ-CP approving the List of ASEAN Harmonized Tariffs version 2022 (the AHTN 2022 List).
The special preferential import tariff for the implementation of the RCEP Agreement includes 11,414 tariff lines

The special preferential import tariff for the implementation of the RCEP Agreement includes 11,414 tariff lines

VCN - Vietnam is not under much pressure on the level of market opening when implementing the ASEAN Regional Comprehensive Economic Partnership (RCEP), the implementation of commitments under the RCEP framework basically does not create pressure on Vietna
New regulations to boost OCOP goods between now and 2025

New regulations to boost OCOP goods between now and 2025

The Ministry of Industry and Trade (MoIT) has introduced regulations for the sales of products under the One Commune One Product (OCOP) programme.
Ministry supports 50% cut on auto registration fees

Ministry supports 50% cut on auto registration fees

The Ministry of Industry and Trade (MoIT) said that it is necessary to devise a 50% cut on auto registration fees and extend the payment of the excise tax on locally-assembled and manufactured cars to stimulate consumer demand and ease the burden on businesses.
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It is necessary to adjust the special consumption tax on harmful goods to health

It is necessary to adjust the special consumption tax on harmful goods to health

VCN - Many opinions agree with the drafting agency's proposal to implement a policy to expand the tax base for products that are not beneficial to health and the environment such as sugary drinks as well as research on increasing special consumption tax (
Amend Corporate Income Tax to implement Pillar 2 of global minimum tax

Amend Corporate Income Tax to implement Pillar 2 of global minimum tax

VCN - According to the Ministry of Finance, the specific goal of amending the Law on Corporate Income Tax (CIT) will contribute to creating conditions to promote and support businesses to expand production and business; Review and rearrange tax incentive
Why does Lang Son propose to stop the pilot on importing medicinal materials through Chi Ma border gate?

Why does Lang Son propose to stop the pilot on importing medicinal materials through Chi Ma border gate?

VCN - The pilot project on importing medicinal materials through Chi Ma border gate is approved by the Government and is effective for two years, starting from October 1, 2021 to October 1, 2023. Since implementing the project until now, only one shipment
Tighten compliance with legal regulations on price appraisal

Tighten compliance with legal regulations on price appraisal

VCN - The valuation work from the beginning of the year until now has been continuously reviewed by the Ministry of Finance and given directions and reminders on proper compliance with legal regulations in this field.
Used electronic components or waste?

Used electronic components or waste?

VCN - A foreign-invested enterprise completed procedures to export dozens of shipments of used electronic components. The customs suspected the exported goods as waste but encountered difficulties in identifying the goods.
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