Unifying final accounting reports for exported goods

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Customs operations in Hanoi. Photo: Ngoc Linh.

Accordingly, enterprises manufacturing for export also must submit final accounting reports about the use of raw materials, supplies and machinery according to the provisions of Article 60 of Circular 38/2015 / TT-BTC of the Ministry of Finance.

Circular 38/2015/ TT-BTC stipulates that no later than the 90th day after the date of the end of the fiscal year annually, the Customs declarants must file final accounting reports about the use of raw materials, supplies, machinery and exports in the fiscal year for Customs authorities.

However, in recent years, in order to facilitate enterprises, for enterprises importing raw materials to produce exported goods, they don’t have to make final accounting reports about the use of materials as defined in Article 60 of Circular 38/2015/ TT-BTC, excluding production for export of processing enterprises. Customs authorities shall manage the situation of import-export of these enterprises on the basis of tax exemption.

344 legal documents on specialized management and specialized inspection VCN- According to statistics of the General Department of Vietnam Customs, by June 30, 2016, there were ...

Under new regulations in Law on import tax and export tax which officially takes effect from September 1, 2016, materials, supplies and components imported to produce exported goods are eligible for tax exemption.