Destroyed goods in bonded warehouses not required to declare for tax payment

Destroyed goods in bonded warehouses not required to declare for tax payment

If goods are preserved and the enterprise destroys them in bonded warehouses and complies with the condition as prescribed, enterprises shall not declare for tax payment of import duty and VAT.
Proposal to adjust tax rate of imported raw material for producing petroleum

Proposal to adjust tax rate of imported raw material for producing petroleum

The Ministry of Finance has proposed to amend tax rates for a number of items to stabilize the market and stabilize the source of domestically produced raw materials for oil products.
Officially reducing import duty of petroleum products to 10%

Officially reducing import duty of petroleum products to 10%

The Government promulgated Decree No.51/2022/NĐ-CP, officially reducing the rate of import duty for unleaded fuel under the HS code (from 2710.12.21 to 2710.12.29) from 20% to 10%.
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
What conditions are exempt from import duty on goods for export production?

What conditions are exempt from import duty on goods for export production?

General Department of Vietnam Customs gave an answer to a question from the Tobacco Import-Export Company regarding tax exemption for imported raw materials for the production of export goods
Goods for Covid-19 pandemic prevention exempted from import duty and VAT

Goods for Covid-19 pandemic prevention exempted from import duty and VAT

VCN – To support ministries and government agencies across the country in containing the Covid-19 pandemic, many businesses have actively imported medical equipment and medicine for effective control.
Customs sector: A difficult year in revenue collection

Customs sector: A difficult year in revenue collection

VCN- This shows that each year, the customs sector's revenue collection faces different difficulties.
New regulations on import duty on automobile components

New regulations on import duty on automobile components

VCN - Decree No. 57/2020 / ND-CP stipulates a preferential import duty rate of 0% for raw materials, supplies and components which have not been domestically manufactured.
Proposing to reduce import duty for mineral products to 0%

Proposing to reduce import duty for mineral products to 0%

VCN- Accordingly, the Ministry of Finance plans to reduce the normal tax rate for minerals, ore and mineral fuels. The current tax rate for some items in this commodity group is 5%, which is expected to reduce to 0%.
Many obstacles on tax are revised in Circular 38/2015 / TT-BTC

Many obstacles on tax are revised in Circular 38/2015 / TT-BTC

VCN- Regarding the questions in tax calculation for products processed abroad when being imported back to Vietnam, Decree 134/2016/ND-CP of the Government does not clearly stipulate whether the amount of export tax paid when exporting raw materials, suppl
Used electronic equipment is prohibited from import

Used electronic equipment is prohibited from import

VCN- Customs Newspaper received a question about the import of electronic equipment from Japan and policy on import duty for this item.
Conditions to transfer cars to Vietnam

Conditions to transfer cars to Vietnam

The Customs newspaper received questions from readers about the procedure to transfer personal property automobiles to Vietnam for transportation
Personal luggage standards for tax exemption when entry to Vietnam

Personal luggage standards for tax exemption when entry to Vietnam

The legal consultant team of Customs Newspaper given the answer regarding to question about personal luggage standards for tax exemption when entry to Vietnam
Imported goods used in non-tariff areas do not pay Import duty

Imported goods used in non-tariff areas do not pay Import duty

VCN- Before the proposal of Hae Kwang Co.,Ltd on import duty refunds, the General Department of Vietnam Customs said, businesses importing goods into non-tariff areas and only used in non-tariff areas are not subject to Import duty.
High-tech application enterprises will be exempted from tax for 5 years

High-tech application enterprises will be exempted from tax for 5 years

General Department of Customs has issued guidance for TRUNG SON CORP. about import duty and VAT for imported goods of agricultural enterprises high-tech applications
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