Da Nang to build duty-free zone

Da Nang to build duty-free zone

The People’s Committee of Da Nang city has submitted a plan for a duty-free zone.
VND 13,533 billion of tax exempted and reduced

VND 13,533 billion of tax exempted and reduced

VCN - As of August 31, the Customs exempted VND3.86 billion import duty for imported products.
Proposing reducing import duty rate on seeds to 0%

Proposing reducing import duty rate on seeds to 0%

VCN – The Ministry of Finance recently proposed reducing MFN (Most Favoured Nation) import duty rate on seeds.
Exemption of duties on imports that cannot be domestically manufactured

Exemption of duties on imports that cannot be domestically manufactured

VCN – If import goods are not on the list of machinery and equipment that can be produced domestically and meet the criteria of consumer goods, they will be exempt from import duty.
Ministry keeps anti-dumping duty on aluminium from China

Ministry keeps anti-dumping duty on aluminium from China

The Ministry of Industry and Trade has decided to continue imposing anti-dumping duties on certain aluminium products originating from China with a tax rate from 4.39 per cent to 35.58 per cent after carrying out the first review.
India exempts oxygen concentrator imports from customs clearance, testing kits from duty

India exempts oxygen concentrator imports from customs clearance, testing kits from duty

Separately, the government also exempted the imports of Inflammatory Diagnostic (marker) kits, namely- IL6, D-Dimer, CRP, LDH, Ferritin, Pro Calcitonin (PCT) and blood gas reagents, from customs duty till October 31, to supplement testing efforts.
US’s imposition of duty on Vietnam’s goods would hurt trade exchange: MoIT

US’s imposition of duty on Vietnam’s goods would hurt trade exchange: MoIT

Any move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said.
Tax officers to be on duty and online support all weekend to support electronic declaration

Tax officers to be on duty and online support all weekend to support electronic declaration

VCN- The General Director of Taxation has just sent an Official Telegraph to request the whole tax sector to drastically implement tax tasks after the 2020 Lunar New Year holiday.
Quarterly adjusting desired revenue target

Quarterly adjusting desired revenue target

VCN- In 2019, the Customs sector performs the State budget collection task in the context of both advantages and disadvantages.
Abolish a number of regulations in Import and Export Tax

Abolish a number of regulations in Import and Export Tax

VCN- Circular No. 04/2019/TT-BTC will take effect from March 4, 2019.
Control of public duty performance of Customs officer at all levels: Strict prevention and handle

Control of public duty performance of Customs officer at all levels: Strict prevention and handle

VCN-The control of public duty performance of Customs officers at all levels is the key task for the Customs authorities.
Online seminar on amending and supplementing Law on Import-Export Duty

Online seminar on amending and supplementing Law on Import-Export Duty

VCN- Also, the Ministry of Finance reviewed current shortcomings in the implementation of the law on Import-Export Duty 107/2016/QH13 and Decree 134/2016/NĐ-CP.
UK prepares to manage customs, duties if no deal agreed with EU

UK prepares to manage customs, duties if no deal agreed with EU

Britain is preparing a customs, sales tax and excise regime that could operate if no deal is reached with the EU on its future trading relationships.
Trying to fulfill the revenue target of 295 trillion VND

Trying to fulfill the revenue target of 295 trillion VND

VCN- Talking with the reporter of Customs Newspaper, Mr. Luu Manh Tuong- Director of Import -Export Duty Department said that the General Department of Vietnam Customs developed specific solutions to implement the revenue collection.
Excess scrap is exempted from import duties in domestic consumption

Excess scrap is exempted from import duties in domestic consumption

VCN- The General Department of Vietnam Customs said that surplus residues and waste products when consuming domestically are exempt from import duties.
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