Tax exemption under new provisions of Law on import tax and export tax

	Guiding tax exemption under the new provisions of the Law on export - import duties
	Draft resolution on tax exemption and deduction to support enterprise development
	Exemption from personal income tax for experts of the United Nations and foreign NGOs.

Records and procedures for tax exemption of imported goods to produce exported goods shall be implemented as stipulated in Decree 08/2015 / ND-CP. Photo: Thu Trang.

Specifically, about tax exemption for exported goods for processing, the Ministry of Finance stipulates: exported goods for processing which are natural resources or minerals with a total value plus the cost of energy accounting for 51% of the final price or more are not exempt from export tax.

Accordingly, taxpayers can themselves assess and classify natural resources and minerals with a total value plus energy costs less than 51% of the final price before implementing Customs procedures for exporting goods as a basis to identify goods for tax exemption under the regulations.

The determination of the total value of natural resources and minerals plus energy costs less than 51% of the final price will be calculated on the basis of the provisions on determining the total value of natural resources and minerals plus energy costs accounting for 51% of final price stipulated in Decree 100/2016 / ND-CP on July 1, 2016.

Regarding tax exemption for goods imported to produce goods for export, the Ministry of Finance stipulates: raw materials, components and semi-finished products or finished products imported to produce goods for export are exempt from import tax including:

Raw materials and supplies (including supplies for packaging or packing exported goods), semi-finished components imported to constitute exported goods or directly in the process of producing exported goods;

Finished products imported for packing and to be assembled for export or packaged;

Components and spare parts imported for warranty of exported products;

Imported goods are not purchased or exchanged by consumers but only as samples.

Records and procedures for tax exemption of imported goods to produce exported goods shall be implemented as stipulated in Decree 08/2015 / ND-CP.

Business conditions for duty-free goods VCN - To be certified eligible for duty-free business, companies must meet the location requirements for duty-free ...

Besides, the Ministry of Finance guides the tax exemption for temporary imported goods for re-export or temporary exported goods for re-import in the specified period; materials, supplies and components directly imported to serve for production activities of information technology products, software, serving customers in the field education; serving in minting operations; or goods with a small value.