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On-spot import and export goods are enjoyed preferential tax rates

Summary

Updated on : 21-07-2017

VCN- This is the guidance of the General Department of Vietnam Customs to the Dak Lak Customs Department in applying tax rate for on-spot import and export goods.

According to the General Department of Vietnam Customs, in Article 2 of the Law on Import and Export Duties 2016 stipulates that the on-spot import and export goods are subject to taxable goods.

In addition, under clause 3 Article 5 of the Law on Import and Export Duties 2016 and the General Agreement on Tariffs and Trade 1994 regulating the Most Favored Nation treatment stipulate that the on-spot import and export goods, specifically goods which are traded between Vietnamese enterprises and foreign organizations and individuals without presence in Vietnam and assigned by foreign traders to delivery and receive goods with other enterprises in Vietnam (both enterprises in Vietnam and outside the non-tariff area) and without special preferential C/O are still enjoyed preferential import tax rate.

By Hai Nam/Ngoc Loan