Import tax exemption to benefit domestic ITC industry

Import tax exemption to benefit domestic ITC industry

The information and communication technology sector has grown by 6-9% each year and has often exceeded the country’s GDP growth rate in recent years, attendees were told at workshop held by the Ministry of Information and Communications (MIC).
Ba Ria – Vung Tau Customs: facilitation while raising and controlling revenues

Ba Ria – Vung Tau Customs: facilitation while raising and controlling revenues

VCN – In 2023 Ba Ria-Vung Tau Customs Department will drastically implement solutions to attract, raise and control revenues.
Enterprises voice concern about the problem of counterfeit goods and trade fraud

Enterprises voice concern about the problem of counterfeit goods and trade fraud

VCN - Counterfeit and trade fraud raises concerns in society. This not only affects the State's revenue but also causes great damage to businesses as well as Vietnam's trademark and reputation in the international arena.
VCCI is the agency issuing ATA carnet 

VCCI is the agency issuing ATA carnet 

VCN- This content that is specified in Decree 64/2020/ND-CP guiding the implementation of the mechanism of temporary admission of goods under the Istanbul Convention was recently issued by the Government.  
New regulations on import tax of automobile components

New regulations on import tax of automobile components

VCN - There are 27 product codes added to assemble for gasoline cars and 30 codes to assemble for electric cars into the tax incentives
Non-woven fabrics for production of protective clothing serving fight against COVID-19 are exempt from import tax

Non-woven fabrics for production of protective clothing serving fight against COVID-19 are exempt from import tax

VCN- On February 7, the Minister of Finance announced the list of goods subject to import tax exemption for prevention and control Covid-19.
Ministry of Finance rejects proposal of reducing import tax of agricultural products to zero

Ministry of Finance rejects proposal of reducing import tax of agricultural products to zero

VCN - ​The Ministry of Finance rejected a number of proposals to bring import tax of agricultural products to 0% from the United States.
From November 1, import tax on crude oil will be reduced to zero percent

From November 1, import tax on crude oil will be reduced to zero percent

VCN - The normal import tax rate on crude oil products (item code 2709.00.10) will be reduced from five percent to zero percent.
CPTPP: Import tax on second-hand cars?

CPTPP: Import tax on second-hand cars?

VCN – Import duty on second-hand cars is one of public concerns when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is signed and effective.
US’ DoC levies import tax on Vietnamese steel

US’ DoC levies import tax on Vietnamese steel

The US Department of Commerce DoC has decided to levy import tax on steel produced in Viet Nam using Chinese origin substrate
Special preferential import tax policies taking effect from 2018

Special preferential import tax policies taking effect from 2018

The Vietnamese government has just issued ten decrees to implement Vietnam’s special preferential import tax commitments made in its free trade agreements with various partners.
Calculating VAT for imported medical equipment

Calculating VAT for imported medical equipment

VCN – Regarding the request from Tri Viet Service Company Limited on guiding the regulations on VAT for medical equipment, the General Department of Customs guided in detail as below:
Complete the list of goods must be done Customs procedures at the border gate

Complete the list of goods must be done Customs procedures at the border gate

Deputy Prime Minister - Vuong Dinh Hue has directed on the list of imported goods that must have Customs procedures at entry border gate.
Nearly 1,400 billion vnd tax debt can not be retrieved

Nearly 1,400 billion vnd tax debt can not be retrieved

VCN- The tax debt of tax payers who runaway, go missing, or terminate the operation of business at the address or deactivate business totals 752 billion vnd.
Artemia eggs import tax arrears collecting is regulated and fair

Artemia eggs import tax arrears collecting is regulated and fair

In response to public opinion that the reduction of import duties to Artemia eggs (shrimp feed) and detailed in Chapter 98 of Preferential import tariff schedule is creating difficulties for shrimp breeding industry, Ministry of Finance has affirmed thei
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