Special consumption tax of some imported goods reviewed

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Cars are the goods attracting special consumption tax.

According to the General Department of Taxation, in order to ensure tax management and tax payment into the State budget for special consumption tax of imported goods sold in the domestic market in accordance with the law, the General Department of Taxation has requested local Departments of Taxation of provinces and cities to review the amount of special consumption tax of imported goods from January 2016 to August 2016.

The Director of each Department of Taxation is responsible for directing and assigning Taxation Branches to review and check the amount of special consumption tax of imported goods from January 2016 to August 2016 and separate the tax payment of special consumption tax of imported goods sold in Vietnam according to the form that the General Department of Taxation has introduced.

The General Department of Taxation has also requested local Departments of Taxation to revise and check the taxpayer's declarations on the basis of the list of imported goods (automobiles, alcohol, tobacco and air conditioners, etc) issued by the General Department of Vietnam Customs.

For imported goods in 2015 but still in stock until December 31, 2015, the General Department of Taxation requires taxpayers to provide information for checking the number of declarations in the first 8 months of 2016.

Local Departments of Taxation also need to make adjustments to the tax liability to be paid on the tax management system (TMS) and adjustments to the State budget revenues for the State Treasury.

According to the General Department of Taxation, since the beginning of fiscal year 2016, Sub-Section 1799-Special Consumption Tax has been used to separate the special consumption tax of imported goods sold in Vietnam. Thus, Tax offices shall calculate the amount of tax payment on the basis of taxable imported goods sold domestically in accordance with Sub-section 1799.

In the case where taxpayers pay the special consumption tax of imported goods sold in Vietnam into the State budget but not under Sub-section 1799, local Departments of Taxation need to make adjustments to accounting documents under sub-section 1799 for the State Treasury to handle.

Also, local Departments of Taxation shall review and make adjustments to other payments accounted under sub-section 1799 but not the special consumption tax of imported goods sold in Vietnam in accordance with sub-section 1757-SCT (services and goods produced in the country) for the State Treasury to handle.

The adjustments in the Tax management system (TMS) shall comply with upgraded applications of the General Department of Taxation.

According to the General Department of Taxation, since September 2016, the General Department of Taxation has conducted upgrading tax applications (HTKK, iKTKK, eTax) to separate declarations of imported goods attracting special consumption tax, which can be identified by the letter "NK" in September 2016.

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The General Department of Taxation has recommended that the State Treasury and commercial banks coordinate to collect State budget revenues and check payment records of taxpayers, ensuring State budget revenues to be accounted on the basis of imported goods attracting special consumption tax sold in Vietnam.