Guidance for declaring temporary import and re-export goods business

Temporary import and re-export goods must meet conditions for deposit or guaranteeing taxes when doing customs procedures in order to enjoy tax exemption in certain amount of time. Photo: T.Trang

Analysis of legal provisions, the General Department of Customs said that, as stipulated in point đ, Clause 9, Article 16 e of the Law on export tax, import duty: "Goods for temporary import and re-export in the limited time for temporary import and re-export (including the extension period) are guaranteed by a credit institution or deposit amount of money equivalent to the amount of import duty of goods temporarily imported for re-export " will be exempted from tax.

Accordingly, goods for temporary import and re-export must meet conditions of having deposits or guaranteeing taxes when doing Customs procedures, to ensure re-exported within the limited time for temporary import in order to be eligible for tax exemption in a certain period.

For declaration on the VNACCS/VCIS System, book keeping operation method, work of statistics and reporting, according to the General Department of Customs, currently, for the business type of temporary import and re-export, declarants have to do declare tax exemption code on the VNACCS system (code XN019) and Customs authorities inspect manually the condition for deposit or guaranteeing taxes. However, the above declaration still has difficulties and shortcomings for the Customs authorities in the monitoring, management and accounting of the amount of tax used for guarantees or deposit, as well as keep track of time for re-export for declaration of tax-exemption.

Therefore, to ensure the management of the Customs authorities more convenient and efficient, information technology systems to support the payment of deposits, the guarantee tax by electronic method but does not increase the administrative procedures for enterprises, the General Department of Customs guiding the declaration on the VNACCS/VCIS system, accounting and statistics, reporting on tax accounting system concentrated as follows:

Declaring on VNACCS/VCIS System: When doing Customs declaration procedures, enterprise do not declare tax exemption code in the "Code-free/reduced/non-taxable imports". They have to declare that they are eligible for tax exemption in the section "Note", in that clearly states exempted from tax as stipulated in which provision, which clause of the Export tax law, import duty.

In the case enterprise use the form of deposit to be exempt, at the section "Determines tax payment deadline code", enterprises must select Code D- pay taxes immediately.

On the other hand, companies use some form of guarantee to be free of tax, in the section " determines the tax payment deadline Code", select code A or B - separate guarantee or general guarantee and declare sections " guarantee bank code ", “year of release for guarantee ", "documents symbol for guarantee "and" Number of guarantee documents "respectively on the VNACCS system.

The VNACCS system will send a voucher of payable tax for the declarer and transfer to the Tax Accounting Centralized System, in that clearly stating the tax amounts to a deposit/guarantee to be exempt. The declarant shall be based on the amount of tax payable on the voucher on payable tax/Customs declarations on the conduct of deposit or guarantee. Accordingly, the e-Customs portal will have information on the amount of tax payable to monitor the deposit or guarantee tax.

Banks/Treasury will deduct the deposit or electronic guarantee based on the information about the amount of collection on the electronic portal of Customs and automatic inspection system the exemption conditions (with a deposit/guarantee) for clearance of goods.