Import and export tax ("import and export")

"Import and Export Tax" Import and export taxes are indirect taxes on goods permitted to be exported or imported across Vietnam's border. Tax rate (Import-export tax) The import and export tax rates (Import and Export Tax) are frequently changed. Therefore, businesses should regularly update the latest tax rates. Import tax rates are divided into 3 types: ordinary tax rates, preferential tax rates and special preferential tax rates.

• Preferential rates apply to imports from countries applying Most Favored Nation (MFN, also known as Normal Trade Relations) status with Vietnam. MFN rates are in line with Vietnam's commitments to the WTO and are applied to imports from other WTO member countries.
• Special preferential rates apply to imported goods originating from countries, groups of countries or territories that carry most favored nation treatment in trade relations with Vietnam under a free trade area regime. , customs union or to facilitate border trade exchanges and other special preferential cases.

In order to be eligible for preferential rates or special preferential rates, imported goods must have an appropriate Certificate of Origin (C / O). Goods without C / O or originating from countries that are not entitled to import tax preferences will be subject to the normal tax rate (the MFN tax rate plus 50%).

• Ordinary tax rates apply to imported goods originating from countries, groups of countries or territories that do not implement most-favored-nation treatment and do not implement special import tax incentives with Vietnam. Ordinary tax rates are applied uniformly by 150% of the preferential tax rate for each corresponding item specified in the Preferential Import Tariff.

Download File: https://goo.gl/LgNdDK Download Backup file:  http://bit.ly/2P6VHk4 Tax calculation method In principle, Vietnam follows the WTO Agreement on Valuation with certain adjustments. The dutiable value of imported goods is usually based on the transaction value (i.e. the price paid or payable for the imported goods, and in certain cases will be adjusted with regard to taxable factors). and not taxable). In case the transaction value is not accepted, other methods of calculating the customs value will be used. In addition to import tax, some imported products are also subject to excise tax and environmental protection tax. Imported goods will also be subject to VAT (unless they are not subject to VAT under the VAT legislation). Tax exemption Goods imported for projects in the list of sectors/regions encouraged for investment and in some other cases are exempt from import tax. Some goods on the list of goods exempt from import tax are as follows:

• Special-use machinery and equipment, transport means and construction materials (which cannot be produced in the country) imported to create fixed assets of investment incentive projects;
• Machinery, equipment, specialized transport means, raw materials (which cannot be produced in the country), medical equipment and office equipment imported for oil and gas activities;
• Raw materials, supplies and components imported for processing export products; finished products imported to attach to processed products;
• Raw materials, supplies and components imported to produce export goods;
• Goods manufactured, processed, recycled or assembled in non-tariff areas do not use imported raw materials and components when being imported into the domestic market;
• Raw materials, supplies and components which cannot be produced domestically can be imported for production of a number of preferential investment projects;
• Goods temporarily imported, re-exported or temporarily exported, re-imported for warranty, repair or replacement.

Tax refund The paid import tax can be refunded in some cases, including:

• Goods have paid import tax but are not actually imported;
• Imported materials have not been used in production and must be re-exported to foreign goods owners or re-exported to a third country or sold into non-tariff zones;
• Enterprises importing raw materials and materials to produce domestic consumer goods then find export markets and put these raw materials and supplies into production of exported goods, actually exporting products.

Export tax Only some items are subject to export tax, mainly natural resources such as sand, chalk, marble, granite, ore, crude oil, forest products, and metal scrap, etc. Tax rates delivery rate ranges from 0% to 40%. The price for calculating export tax is FOB on the border, ie the selling price of the goods at the port of departure as stated in the contract, excluding freight and insurance. Check Customs authorities may conduct post-customs clearance inspections at their offices or at taxpayers' offices. Inspection activities will usually focus on issues such as HS codes classification, customs valuation, compliance with import and export duty (Import and Export Tax) exemption policy for export / import cases. public and certificate of origin.