Vietnam Customs alert - Decree No. 18 amending Decree no. 134 guiding the Law on Import & Export taxes - Import-Export Tax

Vietnam Customs alert - Decree No. 18 amending Decree no. 134 guiding the Law on Import & Export taxes

Nghị định 18 sửa đổi bổ sung một số điều của Nghị định 134 hướng dẫn Luật thuế Xuất Nhập khẩu

Mazars Vietnam

31st March 2021

On 11th March, the Prime Minister approved Decree no. 18/2021/ND-CP amending and supplementing Decree no. 134/2016/ND-CP guiding the implementation of the Law on Import & Export taxes.

On 11/03/2021, the Prime Minister approved the promulgation of Decree no. 18/2021/ND-CP amending and supplementing a number of articles of Decree no. 134/2016/ND-CP guiding the implementation of the Law on Import & Export taxes.

The new Decree takes effect from 25/04/2021, with notable articles are as follows:

Provide detailed guidance on the import/export duty rate applying to indirect import/export transactions (on-spot import/export)
Provide detailed guidance on the basis for applying duty exemption under toll-manufacturing model (processing for export)
Supplement regulation on allowing duty-exemption in case of import material/supply to serve for export-manufacturing business, but part of the manufacturing process was outsourced by 3rd party vendor using duty-free imported material/supply.
Provide guidance on the basis of duty exemption in case of indirect export/import under export-manufacturing model.
Supplement guidance on the basis for applying duty exemption in case of imported goods forming fixed assets of incentivised projects.
Supplement guidance on Customs checking, Customs supervision and Customs tax treatment to EPEs (Export-processing enterprises), including guidance on tax treatment for the period when the non-tariff policies has not yet been approved for the EPE.
Amend and supplement the requirements on reporting and checking the use of duty-free import imported under Master list;
Amend and supplement the provision on cases of re-exporting imported goods subjecting to duty refund.

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