Online seminar on amending and supplementing Law on Import-Export Duty
The seminar. Photo: Thu Trang |
The leader of Tax Policy Department (Ministry of Finance) and leader of Import- Export Duty Department (the General Department of Vietnam Customs) chaired the seminar. The leaders of departments under the GDVC including Customs Control and Supervision Department, Post Clearance Audit Department, Inspectorate and Audit Department and Legal Department also attended and commented on these revised contents.
According to the representative of Tax Policy Department (Ministry of Finance), the amendment and supplementation of the law on Import-Export Duty 107/2016/QH13 and Decree 134/2016/ND-CP is to remove difficulties and obstacles faced by provincial and municipal Customs Departments and enterprises engaged in import and export activities over the past time, thereby, providing better favorable condition for import and export activities.
Also, the Ministry of Finance reviewed current shortcomings in the implementation of the law on Import-Export Duty 107/2016/QH13 and Decree 134/2016/NĐ-CP. Accordingly, based on the proposals by the GDVC and Tax Policy Department, 28 contents in Decree 134/2016/ND-CP were proposed to be amended and supplemented.
The revised contents include taxable goods (in Clause 2 Article 2); Imposing tax rate on on-spot import and export goods (in Clause 1 Article 3); Guarantee (Point d, Clause 2 Article 4); Tax exemption for goods being gifts and donations (Point b Clause 2 Article 8); Tax exemption for imported goods for processing, processed products for exports (Clause 1 Article 10); basis for determination of goods subject to tax exemption with imported goods for processing and processed products for exports (Point b, Point c Clause 2, Clause 4 Article 10); Tax exemption for exported goods for processing and processed products for imports (Clause 1 Article 11); Basis for determination of goods subject to tax exemption.
For the tax exemption, the amendment and supplementation will be focused on provisions such as Tax exemption for imported goods for export production (Clause 1 Article 12); the basis for determination of goods subject to tax exemption (Clause 2 Article 12); Tax exemption for goods temporarily imported for re-export within a certain period of time (Clauses 1 and 2 of Article 13); Tax exemption for imported goods to create fixed assets subject to investment incentives (Article 14); Import duty exemption for raw materials, supplies and components within 5 years (Article 15); Tax exemption for seedling, breeding animals, fertilizers and plant protection chemicals (Clause 1 Article 18); Tax exemption for imported goods for scientific research and technological development (Clause 3 and 4 of Article 19); Tax exemption for imported goods directly for security and national defense (Point b, Clause 4 of Article 20).
In addition, the amendments on tax exemption for goods which are manufactured, reprocessed, assembled in non-tariff areas (Article 22); Tax exemption for imported raw materials, supplies and components for manufacturing information technology products, digital content and software (Article 24); Tax exemption for imported and exported goods for environmental protection (Article 25); Tax exemption for imported goods not for business purposes (Article 27); Tax exemption for imported and exported goods for social welfare, recovery of natural disaster, epidemic and other special cases (Article 28); Tax exemption for imported and exported goods under international treaties, goods with minimum value, goods sent via express delivery service (Article 29); Notification of the list of goods subject to tax exemption (Clause 4 Article 30); Extending the deadline for imported goods subject to tax exemption in the list of tax exemption goods (Point d Clause 7 of Article 30); Tax exemption procedures (Clause 2 Article 31).
Law on Import and Export Duties 2016 should be guided more clearly VCN- According to the assessment of the provincial and municipal Customs, the application of the Law on ... |
Regarding the content of tax refund, the amendment and supplementation will be focused on contents, including Tax refund for exported goods subject to re-imports (Point a Clause 2 Article 31); Imported goods subject to re-exports (Point b Clause 2 Article 34); the procedures of submitting receiving and handling Tax refund dossier (Clause 4 Article 37).
Provincial and municipal Customs Departments and leaders of departments under the GDVC carefully discussed amended and supplemented contents and provided real situations, and proposed specified solutions for handling each article and clause of the Decree.
Related News
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Exploiting potential markets to increase coffee export space
11:40 | 01/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
Import and export turnover in major markets plunges
13:45 | 31/03/2023 Import-Export
Latest News
Customs creates maximum facilitation for agricultural exports
15:56 | 07/06/2023 Customs
Goods imported from export processing enterprises must pay tax
14:50 | 10/04/2023 Customs
GDVC perform tasks in second quarter of 2023
09:47 | 06/04/2023 Customs
Facilitates import and export enterprises amid difficult context
09:46 | 06/04/2023 Customs
More News
Da Nang International Terminal a certified 4-star terminal
10:24 | 05/04/2023 Customs
Dong Nai Customs: understand the business situation to develop effective support solutions
13:27 | 04/04/2023 Customs
Lang Son: Import-export turnover grow 71%
09:53 | 03/04/2023 Customs
HCM City Customs Department facilitates and resolves difficulties for enterprises
09:51 | 03/04/2023 Customs
Lang Son: Goods rushing to border gate increases sharply, potential risk of congestion
10:33 | 02/04/2023 Customs
Bac Ninh Customs committees to listen and share difficulties with enterprises
20:34 | 01/04/2023 Customs
Ho Chi Minh City Customs removes obstacles for logistics businesses
20:33 | 01/04/2023 Customs
Bac Ninh Customs considers satisfaction of businesses to assess efficiency of customs reform
11:36 | 01/04/2023 Customs
HCM City Customs make efforts in budget collection
13:43 | 31/03/2023 Customs
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.
Customs creates maximum facilitation for agricultural exports
15:56 | 07/06/2023 Customs
Goods imported from export processing enterprises must pay tax
14:50 | 10/04/2023 Customs
GDVC perform tasks in second quarter of 2023
09:47 | 06/04/2023 Customs
Facilitates import and export enterprises amid difficult context
09:46 | 06/04/2023 Customs
Da Nang International Terminal a certified 4-star terminal
10:24 | 05/04/2023 Customs