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red-check New guidance on determination of taxable value of imports, exports

Circular No. 39/2015/TT-BTCstatus2 dated March 25, 2015 of the Ministry of Finance on customs value of imported goods and exported goods
Posted: 2/4/2015 10:28:39 AM | Latest updated: 13/9/2019 10:19:43 AM (GMT+7) | LuatVietnam: 3701 | Vietlaw: 201
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Basically, the rule and methods for determination of customs value (for tax calculation) of imported goods, exported goods specified in this Circular are similar to the earlier provisions provided in Circular No. 205/2010/TT-BTCstatus1

However, there is the change in transport cost which is exempted from adding to customs value for tax calculation. Accordingly, if the costs of loading, unloading and arranging the goods taken from the transport vehicle to the first importing checkpoint are included in the international transport cost or in the actual or future payment, such costs will be deducted from the customs value of the imported goods (point g, Clause 2 Article 13)

In addition, for imports exempted from tax but the intended use is changed, customs authority shall determine the customs value (Clause 3 Article 3)

Annex I of this Circular provides some particular examples relating to copyright fee and license fee that shall be added to assessable value of imports

This Circular takes effect from April 01, 2015.

To annul these Circulars, Decisions:

a) Circular No. 205/2010/TT-BTCstatus1 dated December 15, 2010

b) Circular No. 29/2014/TT-BTCstatus1 dated February 26, 2014

c) Decision No. 30/2008/QD-BTC dated May 21, 2008

d) Circular No. 182/2012/TT-BTCstatus1 dated October 25, 2012

dd) Decision No. 1102/QD-BTC dated May 21, 2008.

Amendement notes

  • Article 4 of this Circular shall be abolished from June 5th, 2018 according to the regulations at Circular No. 39/2018/TT-BTCstatus2 dated April 20th, 2018.
  • See more amendments, supplements at Circular No. 60/2019/TT-BTC dated 30th, 2019.
Ms Phuong Thao (VietlawOnline.com)
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EffectiveDate1/4/2015 (d/m/yyyy)
PublishedVietlaw's Newsletter No. 201
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Import and export duties