Submission of year-end customs finalization reports

Thời hạn nộp báo cáo quyết toán hải quan

PwC Legal Vietnam

9th June 2020

Companies which engage in export production, toll manufacturing activities, and Export Processing Enterprises are required to submit annual customs finalization reports on their usage status of import duty exempt materials, exported products and actual consumption norms during the year.
Các doanh nghiệp sản xuất xuất khẩu, gia công xuất khẩu và doanh nghiệp chế xuất phải nộp Báo cáo quyết toán ("BCQT") về tình hình sử dụng nguyên vật liệu nhập khẩu miễn thuế, thành phẩm được sản xuất từ nguồn nguyên vật liệu này, và định mức thực tế theo năm tài chính của doanh nghiệp.

Companies which engage in export production, toll manufacturing activities, and Export Processing Enterprises are required to submit annual customs finalization reports on their usage status of import duty exempt materials, exported products and actual consumption norms during the year.

The deadline to submit the CFR is 90 days from a company's fiscal year-end.

Generally, CFRs include:

● Report on movements of imported raw materials & consumables on Form 25 specified in the electronic customs system or Form 15/BCQT-NVL/GSQL attached to Circular 39/2018/TT-BTC ;

● Report on movements of exported products on Form 26 or Form 15a/BCQT-SP/GSQL; and

● Actual consumption norms on Form 27 or Form 16/DMTT/GSQL. Based on our experience, preparation of the CFRs not only requires information from accounting departments, but also from import-export and manufacturing departments.

Thus, it is critical for companies to build up appropriate methodologies and resources for the CFR preparation to meet Customs requirements.

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