Official letter No. 4201/TCHQ-TXNK
dated October 6th, 2022 of the General Department of Vietnam Customs regarding handling of tax on goods manufactured for export
Posted: 10/10/2022 9:34:12 AM | Latest updated: 17/10/2022 9:13:04 AM (GMT+7) | LuatVietnam: 5559
| Vietlaw: 582
The General Department of Vietnam Customs assumes that “a bonded warehouse” meets the definition of a non-tariff - zone according to clause 1 Article 4 of the Law on import and export duties No. 107/2016/QH13 and is a customs-controlled area according to clause 4 Article 3 of the Law on Foreign trade management No. 05/2017/QH14 and the trading relation between the boned warehouse and the outside area is considered to be the import and export relation.
As the result, in case an enterprise imports goods from a bonded warehouse into the inland area for manufacturing goods for export and meets the conditions at Article 12 of Decree No. 134/2016/ND-CP (amended at clause 6 Article 1 of Decree No. 18/2021/ND-CP) it shall be exempt from import duty and shall not be subject to value added tax.
Ms Phuong Thao (VietlawOnline.com)
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