PwC Legal Vietnam

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.

Please Login or Register for Free now to view all updates and articles

In addition to free-to-view updates and articles, you can also subscribe to the full Legal Centrix Vietnam Service including access to:

  • Overview notes on the law
  • Thousands of high quality translations of legislation covering all key business areas
  • Legal and tax updates
  • Articles on important legal and tax issues
  • Weekly email alerts
  • Sophisticated web platform and search

Legal Centrix is trusted by top law and accounting firms.

Cookies On
Our Website
We use cookies on our website. To learn more about cookies, how we use them on our site and how to change your cookie settings please click here to view our cookie policy. By continuing to use this site without changing your settings you consent to our use of cookies in accordance with our cookie policy.