Title: Circular 75/2005/TT-BTC Guiding the implementation of tax policies, tax and customs procedures for experimental expansion of operation functions of Tan Thuan export-processing zone

Type: Circular

Issuing Agency: Ministry of Finance

Responsible Agency: Ministry of Finance

Issuing Date: 07-09-2005

 

APPLICABLE TAX POLICIES

1. Import duties, export duties, value added tax (VAT) and special consumption tax (SCT):

1.1. Goods purchased by export-processing enterprises from inland for direct export to foreign countries without going through Tan Thuan Export-Processing Zone shall be neither subject to export duties nor liable to VAT.

Inland enterprises which sell goods to export-processing enterprises for direct export to foreign countries shall fill in procedures at customs offices of Tan Thuan Export-Processing Zone, pay export duties (if any), and be entitled to apply the VAT rate of 0%.

1.2. Goods purchased from inland and brought into Tan Thuan Export-Processing Zone for being warehoused and/or packaged or reprocessed then exported to foreign countries:

- When exporting goods from inland into Tan Thuan Export-Processing Zone, inland enterprises shall pay export duties (if any) according to regulations applicable to export goods and be entitled to apply the VAT rate of 0%.

- When exporting goods to foreign countries, export-processing enterprises shall neither pay export duties nor be liable to VAT under regulations applicable to export-processing enterprises.

1.3. Goods imported from overseas into Tan Thuan Export-Processing Zone for being warehoused and/or packaged and reprocessed then brought inland:

- When importing goods from overseas into Tan Thuan Export-Processing Zone, export-processing enterprises shall be exempt from import duties and not be subject to VAT under regulations applicable to export-processing enterprises.

- When importing goods into inland from the export-processing zone, inland enterprises shall make declaration for payment of import duties, VAT and SCT (if any) according to current regulations for import goods.

1.4. Goods purchased from foreign countries by export-processing enterprises for sale to third countries shall be subject to import, export duties and value added tax policies like goods transported from border gate to border gate or transit goods.

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