Unifying final accounting reports for exported goods
SBV aims to bolster payment security | |
The Customs may implement retroactive tax increase within 10 years | |
Customs: Practical solution for implementing the task of revenue |
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.
Related News
Terminate Pilot Project on Importing Medicinal Herbs across Chi Ma Border Gate
15:01 | 05/11/2024 Customs
Increasing opportunities for exporting agricultural products to China by rail
15:31 | 05/11/2024 Import-Export
Director of Dong Nai Customs engages monthly with enterprises
08:59 | 05/11/2024 Customs
Latest News
Which authorities have the right to request taxpayer information?
15:33 | 05/11/2024 Regulations
The Government adjust import and export tariff rate on certain goods
09:01 | 05/11/2024 Regulations
"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
More News
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth
11:34 | 27/10/2024 Regulations
Revamping commodity management and trade protection
11:26 | 26/10/2024 Regulations
Tax support policy is a "lift" for business bounceback
14:52 | 24/10/2024 Regulations
VAT policy for on-the-spot imports
13:44 | 23/10/2024 Regulations
Applying tax on animal feed ingredient faces problems due to specialized regulations
10:17 | 21/10/2024 Regulations
Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024
15:29 | 20/10/2024 Regulations
Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"
00:00 | 19/10/2024 Regulations
Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive
10:29 | 18/10/2024 Regulations
Your care
Which authorities have the right to request taxpayer information?
15:33 | 05/11/2024 Regulations
The Government adjust import and export tariff rate on certain goods
09:01 | 05/11/2024 Regulations
"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations