VietlawOnline

blue-check It is required to report annually the use of duty-free goods of investment projects

Official letter No. 2817/DT-DDTKD dated August 3rd, 2022 of the Customs Department of Ho Chi Minh city regarding deployment of regulations on duty-free List
Posted: 5/8/2022 10:16:05 AM | Latest updated: 10/8/2022 7:33:12 PM (GMT+7) | LuatVietnam: 5512
VietlawOnline

Relating to the use of duty-free imports for investment projects, the Customs Department of Ho Chi Minh city notes that enterprises have to carry out according to the following regulations (clause 15 Article 1 of Decree No. 18/2021/ND-CP).

1. With regard to expired duty-free Lists, that are no longer effective for carrying out customs procedures, but the projects continue operating, enterprises have to submit the written notification regarding the completion of importation of the goods on the Lists, commit to using the duty-free goods for right purposes and submit the original copy of the monitoring sheet to Sub-departments of Customs.

2. Every year within 90 days from the end of a fiscal year, the enterprises have to submit the notification of use of duty-free goods in the fiscal year to the Sub-departments of customs until the entire project is shut down or all goods have been exported from Vietnam or when the goods are repurposed and sold domestically, or destroyed.

3. Enterprises that fail to submit the notification of use of duty-free goods within the prescribed time limit shall be sanctioned for administrative violations according to point b clause 3 Article 7 Decree No. 128/2020/ND-CPstatus2 .

Ms Phuong Thao (VietlawOnline.com)
Please tag VietlawOnline.com when reposting this article

Related documents

Not found

Penalty document

Unknown

Information

Effective date Unknown
Expired date Unknown

Files attachment

enflag pdficon CV2817-03082022HQHCM[VLO].pdf

Timeline

No data

Fixed assets

blue-check It is required to report annually the use of duty-free goods of investment projects
blue-check Regarding account of fixed assets’ depreciated cost when enterprises suspend operation for less than 9 months in 2020
blue-check Regarding tax policy upon liquidation of land sublease contracts
blue-check SBV's regulations on accounting for fixed assets, tools, instruments and supplies
blue-check It is not allowable to make depreciation account with regard to a sport area invested by welfare fund
blue-check Regarding withholding tax in case of importing equipment accompanied by software
blue-check Regarding conditions to make depreciation account for fixed assets
blue-check Regarding tax policy for construction of houses for employees
blue-check Regarding tax policies applicable to import duty - exempt goods repurposed
blue-check Regarding VAT and EIT rates applicable to activity of sale of factory
blue-check Regarding VAT on machinery value upon transfer of technologies
blue-check Regarding VAT on machinery imported for capital contribution
blue-check Regime for management, calculation of depreciation of transport or water infrastructure assets
blue-check Regarding depreciation account of a server placed outside Vietnam
blue-check Fixed assets of projects of expansion investment shall be exempt from import duty
blue-check Regulations on calculation of depreciation of fixed assets of in State agencies
blue-check Regarding VAT deduction and depreciation of fixed assets upon buying an apartment
blue-check New criteria for identification of specialized vehicles to be exempt from import duty
blue-check Regarding VAT on imported machinery which is exempt from import duty
blue-check It is not required to make invoices for supplies, equipment used for capital contribution