VND 13,533 billion of tax exempted and reduced

08:04 | 09/10/2022

VCN – According to the statistics of the Import and Export Duty Department under the General Department of Vietnam Customs, in the first nine months of the year, the Customs sector has effectively provided tax incentive policies for imported products for Covid-19 control and prevention and reduced VND 13,533 billion of VAT.

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VND 13,533 billion of tax exempted and reduced

An officer of Vinh Customs Branch instructs customs declarant procedures. Photo: H.N

The General Department of Vietnam Customs has reduced import duty under Decision 155/QD-BTC dated February 7, 2020, Decision 436/QD-BTC dated March 31, 2020, Decision 2138/QD-BTC dated December 18, 2020, and Decision 1921/QD-BTC dated September 30, 2021, of the Ministry of Finance for the Covid-19 prevention and control.

As of August 31, the Customs exempted VND3.86 billion import duty for imported products.

The Customs sector has not collected import duty and VAT for goods imported by Vietnamese organizations and individuals to aid the Government, the Ministry of Health, the People's Committees, Vietnam Fatherland Front Committees of provinces and cities for the prevention and control of the Covid-19 pandemic under the Government Resolution 106/NQ-CP dated September 11, 2021.

As of August 31, Customs did not collect VND60.2 billion of VAT and VND1.4 billion of import duty.

Following the provisions of Decree 15/2022/ND-CP dated January 28 on tax exemption and reduction under Resolution 43/2022/QH15 of the National Assembly on fiscal and monetary policy, the Customs has reduced VND13,468 billion of VAT from January to September 21.

By Nu Bui/Ngoc Loan