VCN- The Ministry of Finance (the General Department of Vietnam Customs) is consulting the draft amendments and supplements to a number of articles in the Ministry of Finance's Circular No. 19/2014 / TT-BTC stipulating the procedures for temporary import, re-export, assignment of automobiles and motorbikes subject to privileges and immunities in Vietnam.
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Accordingly, some regulations are expected to be revised in the draft circular such as: Regulations on conditions for temporary import, re-export, transfer and destruction of vehicles; dossiers and procedures for the grant of temporary import permits for cars and motorbikes; files and procedures for temporary import of cars and motorbikes; Customs procedures for cars and motorbikes for preservation; the dossiers and procedures for the export of automobiles and motorcycles; the dossiers, procedures and policies on automobile transfer tax.
For example, regarding the tax policy for transferred vehicles, it is expected that the draft circular will be revised in the direction that the import tax calculation basis is the dutiable value, tax rate and exchange rate at the time of transfer. The tax calculation value shall comply with the provisions of Clause 2, Article 17 of the Ministry of Finance's Circular No. 39/2015 / TT-BTC on Customs valuation of exports and imports.
The tax rate applicable to used cars shall be determined according to the preferential import and export tariffs. The list of commodities and absolute rates, mixed taxes, import tax outside quotas are valid at the time of the cars to be transferred.
Excise tax policy and value added tax for transferred vehicles shall be applied in accordance with current tax policy at the time of cars to be transferred.
With regard to the procedures for the transfer of cars among subjects entitled to privileges and immunities in Vietnam, the draft Circular shall stipulate the direction and subjects of transfer of vehicles to carry out procedures for issuance. Accordingly, the recipient of the transferred vehicles shall carry out the procedures for issuance of a temporary import permit. Based on the vehicle transfer paper and the temporary import vehicle registration, the recipient shall carry out the transfer procedures.
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The draft stipulates procedures in the case of privileges and immunities in Vietnam, as well as their working areas in Vietnam. In this case, it is only necessary for recipients to carry out the procedures for issuance of the vehicle transfer papers at the provincial / municipal Customs Departments in the localities where the vehicles are assigned to them, and the procedures for granting temporary import permits at the provincial / municipal Customs Departments of the localities where the objects are managed, not declaring on the Customs declaration.
By Ngoc Linh/ Hoang Anh