UAE: All passengers must declare currencies, negotiable instruments valued over Dhs60,000

UAE: All passengers must declare currencies, negotiable instruments valued over Dhs60,000

The value of gifts brought in with travellers should not exceed Dhs3,000.
Enterprises importing used machinery must declare use purpose

Enterprises importing used machinery must declare use purpose

VCN- Specifically, the Ministry of Science and Technology said that Clause 3, Article 4 of Decision 18 stipulates “Only used machinery, equipment and technological lines used for production of enterprises in Vietnam are allowed to be imported.”
Do not add local charges to Customs value if the enterprise has not made payment to the seller

Do not add local charges to Customs value if the enterprise has not made payment to the seller

VCN - The General Department of Customs has sent a written request to provincial and municipal Customs units for guidance to the enterprise in determination and declaration of Customs value for imported goods.
Expanding e-tax declaration to individuals with rental assets

Expanding e-tax declaration to individuals with rental assets

VCN- Accordingly, the deployment of receipt and handling of e-declaration dossier for VAT and Personal income tax of individuals with assets for lease and under the management of Tax authorities in 63 provinces and centrally run cities
642 times of imported medicines were declared on prices

642 times of imported medicines were declared on prices

VCN - According to the Price Management Department of the Ministry of Finance, from the beginning of the year to mid-June 2017, the times of imported medicines with increasing fluctuation in declared prices were very low, only about 0.4% of the total volu
Regulations on sending money overseas

Regulations on sending money overseas

VCN - The Customs News received a question from a reader on sending AUD 100.000 from his/her parents to him/her to buy a house in Australia; to receive the money, whether he/she must return to Vietnam to take the money or his/her parents can register the
There are many FDI firms declaring losses

There are many FDI firms declaring losses

VCN- In recent years, with the integration of the international economy, FDI’s capital flow into Ho Chi Minh City have significantly increased and importantly contributed to the City’s economic growth.
Malayssia Customs seize over RM10mil worth of ivory pieces

Malayssia Customs seize over RM10mil worth of ivory pieces

Upon checking the contents of the packages, we discovered 1,001kg of ivory pieces with an estimated value of RM10.01mil
Chemical declaration must be done when importing pharmaceutical raw materials

Chemical declaration must be done when importing pharmaceutical raw materials

VCN- When importing chemical commodities, enterprises must declare the chemicals with the Ministry of Industry and Trade
Unlimit the amount of cash that individuals are allowed to carry upon exit

Unlimit the amount of cash that individuals are allowed to carry upon exit

VCN- Under Article 2 of Circular No.15/2011/TT-NHNN dated 12-8-2011of the State Bank provides for the carrying of foreign currency and Vietnamese dong by inviduals upon entry into and exit from the country through intenational border gates of Vietnam with
Turkish customs units confiscate record 3.3 million packs of smuggled cigarettes

Turkish customs units confiscate record 3.3 million packs of smuggled cigarettes

The cigarettes confiscated in the operation are believed to have a market value of TL 28.5 million ($9.85 million), which would bring some TL 23 million in tax revenues if sold legally.
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