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customs newsletters

Tax Exemptions for Enterprises Affected by Storm No.03 and Flooding in Vietnam

In compliance with the directive from the Prime Minister of Vietnam on focusing efforts to address the aftermath of Storm No. 3 and post-storm flooding, the General Department of Taxation (GDT) issued Official Letter No. 4062/TCT-CS, providing guidance on measures to support enterprises suffering lo...
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customs newsletters

Customs Newsletters – Legal Updates October 2024

Below is a collection of the latest customs newsletters on October 2024: I. Tax Exemptions for Enterprises Affected by Storm No.03 and Flooding in Vietnam  In compliance with the directive from the Prime Minister of Vietnam on focusing efforts to address the aftermath of Storm No. 3 and post-storm ...
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tax refund for re-exported imported goods

Tax refund for Re-imported Exported Goods: Guidelines on Procedures

1. What is tax refund?  Definition of Tax Refunds:  Tax refund for re-imported exported goods is the process where the tax authority refunds the export tax that the enterprise has paid when those goods have to be re-imported back into Vietnam.   Role of Tax Refunds:  Enhancing Cash Flow: Tax r...
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customs_news_september

Right to import lead scrap and waste batteries 

The General Department of Customs received a document from the Government Office transferring the application of Ngoc Thien Co., Ltd. on the import of lead scrap and waste batteries. In this regard, the General Department of Customs has the following opinions:  (According to Clause 1, Article 71 of...
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customs_news_september

Vietnam General Department of Customs Responds to Inquiries from the Korea Chamber of Business in Vietnam (KOCHAM)

In early September, the General Department of Customs (GDC) issued Official Letter No. 4218/TCHQ-CCHĐH to respond to KOCHAM regarding issues related to non-taxable goods of Export Processing Enterprises (EPE).  1.EPE leasing machinery, equipment, and molds to domestic enterprises and wanting to br...
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Draft Amendments and Supplements to Decree 08/2015/ND-CP: Continue gathering feedback on “on-spot import and export” 

On August 28, 2024, the General Department of Customs (GDC) revised and supplemented several provisions of the Draft Amendment to Decree 08/2015/ND-CP. Compared to the previous draft submitted to the Government on December 27, 2022, this version includes significant changes, particularly regarding &...
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How To Find HS Codes: Common Mistakes To Avoid

In international trade, HS codes (Harmonized System codes) are essential for classifying products and determining duty rates. Knowing how to correctly look up HS codes is key to customs compliance and avoiding costly mistakes. What is an HS code? HS Code is a unique identifier used globally to class...
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cover_news

Customs Newsletters – Legal Updates September 2024

2. Incorrect declaration of the “customs procedure codes” indicator when participating in the Tax Incentive Program Currently, Vietnam is implementing a tax incentive program for imported parts used in the production and assembly of automobiles under Decree No. 26/2023/ND-CP. The General Departm...
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