11515/TCHQ-TXNK: VAT on raw materials imported for manufacturing exports

Written by i-Office.com.vn. Posted in Pháp Lý

 

MINISTRY OF FINANCE
GENERAL DEPARTMENT OF CUSTOMS
——-
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
—————
No. 11515/TCHQ-TXNK
RE: VAT on raw materials imported for manufacturing exports
Hanoi, September 22, 2014

 

To: Customs Department of Long An province

The General Department of Customs received the Dispatch No. 1949/HQLA-NV of Customs Department of Long An province regarding deadline for VAT payment. The General Department of Customs hereby responds as follows:

1) With regard to VAT on raw materials and supplies imported for manufacturing exports.

– Clause 20 Article 5 of the Law on Value-added tax prescribes: “… raw materials and supplies imported for manufacturing or processing exports under a manufacturing or processing contract with a foreign party” are not subject to VAT.

– Pursuant to Article 20 of Circular No. 128/2013/TT-BTC dated September 10, 2013 of the Ministry of Finance on deadline for paying tax:

“1. With regard to raw materials and supplies imported for manufacturing export:

  1. a) In order to be permitted to apply the 275-day time limit from the registration date of the customs declaration, the taxpayer must satisfy the requirements below:

a.1) The taxpayer owns, not rents, a manufacturing plant in Vietnam’s territory that are suitable for the raw materials and supplies imported for manufacturing exports…

c.4) If any of the requirements set down in Point a of this Clause is not complied with: the taxpayer shall pay all the taxes and late payment interest for the period from the registration date of the customs declaration to the day on which taxes are paid, and also incur penalties as prescribed.”

Pursuant to the aforesaid regulations:

– Imported goods being raw materials and supplies of manufacturing exports must satisfy the requirements in Point a Clause 1 Article 20 of Circular No. 128/2013/TT-BTC to apply the 275-day time limit for paying tax. If the taxpayer fails to satisfy any of such requirements and is not guaranteed by a credit institution, tax must be paid before customs clearance is granted.

– With regard to VAT on raw materials and supplies imported for manufacturing exports, Customs Department of Long An province shall comply with the Law on Value-added tax.

2) With regard to customs procedures applied to raw materials and supplies imported for manufacturing exports.

Clause 20 Article 5 of Circular No. 219/2013/TT-BTC prescribes: “Procedures for determining the cases in which VAT is not collected shall comply with instructions of the Ministry of Finance on customs procedure, customs supervision and inspection, export tax, import tax, and administration of taxes on exported and imported goods”.

Customs Department of Long An province must adhere to regulations on customs procedures applied to raw materials and supplies imported for manufacturing of exports in Circular No. 128/2013/TT-BTC.

Customs Department of Long An province is responsible for the implementation of this Dispatch./.

 

PP THE DIRECTOR
DEPUTY DIRECTOR




Nguyen Duong Thai
——————————————————————————————————

This translation is made by LawSoft and for reference purposes only. Its copyright is owned by LawSoft and protected under Clause 2, Article 14 of the Law on Intellectual Property.Your comments are always welcomed

 

CEO CAO DUY HINH
CEO CAO DUY HINHCÔNG TY TNHH ABELIEVE VIỆT NAM
"サービスが良くてオフィスのスッタフが素晴らしいです。このサービスを続いて頑張りましょう"
Trưởng VPĐD HOÀNG NAM PHƯƠNG
Trưởng VPĐD HOÀNG NAM PHƯƠNGVPĐD OSAKI PRECISION CO., LTD. TẠI TP HỒ CHÍ MINH
" Với lợi thế về quy mô và diện tích văn phòng, i-Office cung cấp cho công ty đa dạng các loại hình văn phòng với kích thước và phí thuê phù hợp cho từng nhu cầu của từng thời kì . Điều ...
CEO NGUYỄN VINH PHONG
CEO NGUYỄN VINH PHONGCÔNG TY TNHH DV-VT EVERICH
" Đối với tôi, nhân viên tại i-Office cũng giống như nhân viên của chính công ty tôi vậy. Tác phong làm việc chuyên nghiệp và hỗ trợ khách hàng nhiệt tình, điều này giúp tôi cảm thấy rất hài lòng và đặt ...
Mr SERGEI GOLOVACH
Mr SERGEI GOLOVACHHPQ COMPANY LIMITED
"I-Office have been awesome in all of my dealings with them. From my initial enquiry on office space, to making us feel so welcome on an ongoing basis, they offer the perfect solution to any growing business looking for a cost-effective, cool office solution. I recommend ...

Xem Hình Ảnh i-OFFICE

Bài viết khác bạn có thể quân tâm...close