Official letter No. 3269/TCHQ-TXNK
dated August 8th, 2022 of the General Department of Vietnam Customs regarding tax policy applicable to goods leased, borrowed from export processing enterprises (EPEs)
Posted: 10/8/2022 10:56:24 AM | Latest updated: 23/8/2022 11:50:52 AM (GMT+7)
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Import duty policy applicable to goods leased, borrowed by domestic enterprises from EPEs to serve manufacture is regulated at point a clause 9 Article 16 and point d clause 1 Article 19 of the Law on Import and Export Duties No. 107/2016/QH13.
Accordingly, goods leased, borrowed by a domestic enterprise from an EPE to serve manufacture neither belong to entities exempt from import duty upon temporary importation nor belong to cases entitled to refund of import duty upon re-exportation.
When temporarily importing the goods, the domestic enterprise has to declare customs value to declare tax according to clause 9 Article 17 of Circular No. 39/2015/TT-BTC (amended at clause 9 Article 1 Circular No. 60/2019/TT-BTC ).
Ms Phuong Thao (VietlawOnline.com)
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