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Online seminar on amending and supplementing Law on Import-Export Duty

09:23 | 29/03/2018

VCN- In order to directly listen to the suggestions from provincial and municipal Customs Departments on amended and supplemented contents in the Law on Import-Export Duty 107/2016/QH13 and Decree 134/2016/NĐ-CP,  on 27th March 2018, the General Department of  Vietnam Customs held an online seminar to discuss these contents.  

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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).

online seminar on amending and supplementing law on import export duty 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.

By Thu Trang/Ngoc Loan