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blue-check How to distribute value of imported software used for various machines, equipment

Official letter No. 2333/TCHQ-TXNK dated June 15th, 2022 of the General Department of Vietnam Customs regarding distribution of value of imported controlling, operating software
Posted: 20/6/2022 7:58:36 AM | Latest updated: 28/6/2022 4:42:13 PM (GMT+7) | LuatVietnam: 5479
VietlawOnline

According to clause 5 Article 1 of Circular No. 60/2019/TT-BTC, with regard to machinery imported together with controlling, operating software, value of the software must be added to the taxable value.

According to this Official letter, in case value of controlling, operating software includes copyright fee of the software and it is used for installation in various motors, machines, enterprise may option any of the methods for distribution of value regulated at clause 2 Article 16 of Circular No. 39/2015/TT-BTCstatus2 to declare value of the imported software and must ensure the rule that the software value must be fully distributed to the imported motors installed.

Based on clause 2 Article 16 of Circular No. 39/2015/TT-BTCstatus2 , there are methods for distribution of customs value: (1) distribution according to the quantity; (2) distribution according to the weight; (3) distribution according to the volume; (4) distribution according to the value of the sale invoice.

Ms Phuong Thao (VietlawOnline.com)
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