Tax exemption procedures for declarations of importing materials for exporting products before September 1, 2016

	The implementation of the Law on export and import: detailed tax exemption regulations imported goods for processing and processing goods for export
	The implementation of Law on export and import: detailed tax exemption regulations on imported goods for processing and processing goods for export
	Tax exemptions under the new Law on export and import Duties

To be exempted from taxes, taxpayers must send a document to request Customs authorities to implement tax exemption procedures. Photo: Thu Trang.

According to the General Department of Vietnam Customs, the provisions of Clause 2, Article 21 of the Law on export tax and import tax No.107, material and components imported for production of exports (inventory materials or not exported); temporarily imported goods for re-export before the date of the effective implementation of the Law (September 1, 2016) shall enjoy tax exemption under the provisions of Clause 7 and Point d of Clause 9, Article 16 of the Law on export tax and import tax.

To be exempted from taxes, taxpayers must send a document to request Customs authorities to implement tax exemption procedures for declarations registered before September 1, 2016, which specifies the quantity of goods and the amount of tax refund or tax exemption. The quantity of goods and the amount of tax exemption are regulated under the provisions of the Law on export tax and import tax.

The quantity of goods and the amount of tax are calculated on the basis of the declaration of goods exempted from taxes such as current regulations about change of purpose of use (the tax base includes taxable value, tax rates and rates price of the initial declaration). The time for declaration shall end on December 31, 2016.

In the case where goods are exported or re-exported, taxpayers shall implement procedures for tax refund and tax exemption under current regulations.

Besides, the General Department of Vietnam Customs said that Official Letter 8621 /TCHQ-TXNK also instructed details for tax exemption on raw materials, supplies and components which are imported for production of exported goods and temporarily imported goods for re-export under declarations registered prior to September 1, 2016.

Specifically, in the case where declarations prior to September 1, 2016 or declarations expiring 275 days without export or re-export goods which do not pay taxes, enterprises shall send documents to Customs authorities to solve tax exemption procedures under Official Dispatch 12166/ BTC-TCHQ.

For declarations registered prior to September 1, 2016 or in the guarantee period of 275 days, Customs officers shall inform taxpayers to actively declare or change the purpose of new declarations for goods exempted from taxes in order to avoid any debt incurred in the centralized accounting system.

For exported or re-exported goods which attract taxes, Customs authorities shall require taxpayers to submit documents on tax refund and tax exemption under specified deadlines.

New provisions on tax exemption on the basis of the norms VCN- According to Article 16 of the Law on export tax and import tax No. 107/2016/QH13 and ...

On the basis of documents requesting tax exemption, when taxpayers change the purpose of new declarations for goods (duty-free goods) and exported or re-exported goods subject to tax exemption, if there are overdue debts incurred under the declarations subject to tax exemption, Customs officers shall adjust the extending days for tax payment on the centralized accounting system.