VNC - From 01/9/2016, export scrapresulting from exportproducts manufacturing processes where materials were imported, shall not get free export duty.
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In the new provisions of the Law on export – import tax, export scrap resulting from export products manufacturing process where materials were imported shall not get free export duty. Photo: T.Trang
That is the answer of the General Department of Customs to three companies: Taeyang Vietnam Co., Ltd. Taeyang Hanoiand Taeyang Saigon about their request of not collecting tax for stainless steel scrap.
According to the General Department of Customs’analysis, the tax exemption was specified in Article 16 of the Law on export - import tax, and from Article 5 and Article 29 of Decree 134/2016/ND-CP of the Government. In which casesof tax exemption on raw materials, supplies and components imported for manufacturing export goods specified in Clause 7, Article 16 of the Law on export - import tax, and Article 12 of Decree 134/2016 / ND-CP.
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However, the General Department of Customs also said that new regulations of the Law on export - import tax do notstipulate aboutduty exemption for goods which are scrapresulting from export products manufacturing process where materials were imported, applicable to Customs declarations from 01/9/2016.
By Thu Trang / Luong Ngoc
Thu Trang / Luong Ngoc