Ministry of Finance holds online meeting to discuss the draft circular on Customs value
Many regulations on customs value will be amended | |
CIC shall not be added to Customs value after goods are imported | |
Decree No. 59/2018 / ND-CP supplements regulations on customs value |
The online meeting. Photo: T.Tr |
According to Deputy Minister Vu Thi Mai, the meeting aims for the Ministry’s leaders to receive comments on the draft circular amending and supplementing some articles of Circular 39/2015/TT-BTC on Customs value for import and export goods before promulgation.
Customs value is a key content in Customs management in particular and import and export activities in general. After four years of implementation, Circular 39/2015/TT-BTC dated March 15, 2015 regulating Customs value for import and export goods conveys technical contents on Customs valuation of the WTO Valuation Agreement into the national legal document system and fulfilled Vietnam's obligations as a member of the WTO.
It establishes a management system for Customs valuation for import and export goods from the general department level to the customs branch level, and defines responsibilities of each management level for the identification, inspection and redetermination of Customs value in Customs clearance and post-clearance audit.
Circular 39/TT-BTC is important part to speeding up customs clearance and reducing cargo congestion at customs branches; improving the efficiency of control, preventing price fraud and ensuring revenue for the State budget.
However, in addition to the positive impacts, during the implementation of Circular 39/2015/TT-BTC, there are some shortcomings that need to be amended and supplemented such as some concepts have not defined in legal normative documents of customs value; regulations on principles, methods have many different understandings that leads to difficulty in research and implementation for organisations and individuals related to the determination of customs value.
Amendments and supplements to Circular 39/2015 / TT-BTC are to specify regulations on Customs value and be consistent with relevant laws and international regulations on Customs value.
According to the General Department of Vietnam Customs, the draft circular will focus on revising four key contents on Customs valuation regulations.
The group of issues on general regulations: Supplementing some concepts, powers and obligations of Customs authorities in Customs valuation.
For the group of issues on principles and methods on Customs valuation, it focuses on two key contents including principles and methods of Customs valuation for export goods and principles and methods of Customs valuation for import goods.
For issues on customs valuation methods, it will amend and supplement many regulations that have shortcomings in reality such as: transaction value method; transaction value of similar imported goods; Customs valuation for imported goods under residual method; and supplementing regulations on Customs value for specialised goods.
The fourth group is database, this group will focus on developing, managing and using the list of risk management, in which the management method will be amended, instead of risk management by goods, enterprises subject to risk management will be supplemented.
Ministry of Finance saves nearly 3.6 million paper pages via e-documents VCN- After a long time of e-document use, the Ministry of Finance calculated that by saving 358,643 ... |
At the meeting, local customs departments and departments under the General Department of Vietnam Customs appreciated the amendments and supplements to the regulations on Customs value and said shortcomings have been removed and prevent disputes between the Customs authority and enterprise, ensuring consistency with the current regulations and international practice.
Some said the draft circular should supplement regulations on e-transaction; tax rate for goods transacted in the domestic market, specify the concept of direct payment, successful payment and payment later; regulations on the taxable price to the exit border gate, taxable price for software attached to devices; Customs valuation in case of special relationship; Customs valuation for goods subject to destruction. The comments were analysed and explained by the drafting committee.
Related News
Exploiting potential markets to increase coffee export space
11:40 | 01/04/2023 Import-Export
Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee
10:20 | 29/03/2023 Finance
Consignments of over 600 tons of used oil are allowed for import or not?
10:20 | 29/03/2023 Anti-Smuggling
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2023
14:29 | 28/03/2023 Customs Statistics
Latest News
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
More News
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Consider raising the level of penalties to ensure fairness and transparency in the stock market
13:27 | 04/04/2023 Finance
Central bank cuts policy interest rates to spur growth
17:43 | 02/04/2023 Finance
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks
20:30 | 01/04/2023 Finance
Solutions to attract FDI when implementing the global minimum CIT
11:38 | 01/04/2023 Finance
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Being many "hot" issues at the general meeting of shareholders of banks
09:24 | 30/03/2023 Finance
Bringing the policies on reducing land rent and water surface rent into life
15:41 | 29/03/2023 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance