Tax policy for re-imported goods of export processing enterprises

Tax policy for re-imported goods of export processing enterprises

VCN - The General Department of Vietnam Customs asked Hanaro TNS Vietnam Co., Ltd to comply with the Customs where it carries out customs procedures for instruction.
Instruct reporting regime on law enforcement on handling administrative violations

Instruct reporting regime on law enforcement on handling administrative violations

VCN - In addition, meeting the practical requirements of management of law enforcement in handling administrative violations; promptly removing difficulties and obstacles arising in practice, and ensuring the consistency of the legal system.
VAT rate of 5% applies to veterinary medicine

VAT rate of 5% applies to veterinary medicine

VCN - According to provisions at Point 1, Clause 2, Article 8 of the Law on VAT, preventive and curative medicines are subject to the 5% VAT rate.
China issues 435 codes for Vietnamese agricultural product exporters

China issues 435 codes for Vietnamese agricultural product exporters

The General Administration of Customs of China has granted 435 codes for Vietnamese agricultural product exporters so far this year.
Continue implementing the goal of facilitating and supporting import and export enterprises

Continue implementing the goal of facilitating and supporting import and export enterprises

General Department of Vietnam Customs has directed its affiliated unit to implement many missions of administrative reform to facilitate and support import and export enterprises
What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export?

What are the conditions to exempt tax for importing goods from bonded warehouse to inland to export?

To enjoy import duty exemption and VAT exemption, the bonded warehouse must satisfy the condition as stipulated in Law on export and import duties; law on foreign trade management and other legal documents
Continue applying financial solutions to support people and enterprises in 2023

Continue applying financial solutions to support people and enterprises in 2023

In 2022, the Ministry of Finance has effectively implemented its socio-economic recovery and development program with a series of policies on extension and reducing taxes and fees for people and enterprises
Standardizing and unifying regulations on goods origin inspection

Standardizing and unifying regulations on goods origin inspection

VCN - The amendment and supplementation of regulations on inspection and determination of the origin of exported and imported goods will meet the goal of standardizing and unifying inspection regulations in accordance with international commitments.
Guide procedures for the re-export of imported raw materials

Guide procedures for the re-export of imported raw materials

VCN - Answering questions from some enterprises on handling imported raw materials by re-exporting to buyers abroad, the General Department of Customs has issued guidance to local customs departments to ensure unified implementation.
Many ministries yet to not issued a list of specialized goods subject to HS code change

Many ministries yet to not issued a list of specialized goods subject to HS code change

VCN - Through management, many ministries have not issued a list of specialized goods subject to HS code change according to List of Vietnam's Import and Export Goods (2022)
The Government promulgates 16 Decrees on special preferential import and export tariffs

The Government promulgates 16 Decrees on special preferential import and export tariffs

The Government signed and promulgated 16 Decrees specifying Vietnam’s special preferential import tariff schedule for the implementation of the Trade Agreements and Economic Partnership Agreements.
Proposing two solutions on knock-down levels of imported automobile parts

Proposing two solutions on knock-down levels of imported automobile parts

As Customs News informed, both Customs authority and enterprises are facing difficulties relating to regulations for classifying and identifying tax rates of imported automobile parts to satisfy knock-down levels
Opinions for draft revised Land Law collected from today

Opinions for draft revised Land Law collected from today

Opinions for the draft Land Law (revised) will be collected from people from all walks of life from January 3 to March 15.
When financial aid comes to life

When financial aid comes to life

Thanks to the financial policies to support people and businesses implemented by the Tax sector in 2022 that have created an essential motivation for businesses to recover and develop.
Proposing the implementation of insurance for vehicles on exit and entry and imported goods by post

Proposing the implementation of insurance for vehicles on exit and entry and imported goods by post

Lang Son Provincial Post Office sent a request to General Department of Vietnam Customs to coordinate in implementing regulations on compulsory civil liability insurance (CLI) for means of transport on exit and entry
Deny procedures for trucks carrying heavy loads of goods

Deny procedures for trucks carrying heavy loads of goods

The Customs authorities would not handle clearance procedures and customs seal procedures for trucks carrying goods exceeding the design tonnage stated in the vehicle registration papers.
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Enterprises have the right to pre-determine HS codes

Enterprises have the right to pre-determine HS codes

VCN - At the dialogue conference between Ho Chi Minh City Customs Department and import-export enterprises at the weekend, enterprises raised many problems related to HS code application, and post-clearance audit.
Amendment to Decree 14 to prevent goods congestion at border gates

Amendment to Decree 14 to prevent goods congestion at border gates

VCN - The draft Decree revising Decree 14/2018/ND-CP on border trade activities is being drafted and gathered opinions from ministries, government agencies and people by the Ministry of Industry and Trade.
Notes for businesses on tax policy

Notes for businesses on tax policy

VCN - According to experts, some businesses do not understand clearly tax documents and policies, especially new ones, leading to many risks in implementation.
Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

VCN - After a long time of implementation and many changes in reality, it is time to amend the Law on Corporate Income Tax (CIT) to remove difficulties for production and business activities, and open up and promote resources for economic and social devel
Apply 609 preferential export tax lines, 11,526 special preferential import tax lines to implement the CPTPP Agreement

Apply 609 preferential export tax lines, 11,526 special preferential import tax lines to implement the CPTPP Agreement

VCN - To enjoy the preferential export tax rates under the Preferential Export Tariff and the Special Preferential Import Tariff of Vietnam implementing the CPTPP Agreement from 2022 to 2027, exported goods must have transport documents and import customs
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