Vietnam: Applicable policies on excise tax in Nghi Son Economic Zone, Thanh Hoa Province

23:55, 09/07/2024

On January 30, 2007, the Ministry of Finance of Vietnam issued Circular 08/2007/TT-BTC guiding financial policies and customs procedures applicable in the Nghi Son Economic Zone, Thanh Hoa Province.

Special Consumption Tax applicable in Nghi Son Economic Zone, Circular 08/2007/TT-BTC

Vietnam: Applicable policies on excise tax in Nghi Son Economic Zone, Thanh Hoa Province (Illustrative Image)

Circular 08/2007/TT-BTC prescribes the applicable policies on excise tax in Nghi Son Economic Zone, Thanh Hoa Province as follows:

- The excise tax-liable goods and services produced and sold in the free trade zone, or imported to the free trade zone from abroad and vice versa, are exempted from excise tax. Cars with less than 24 seats are subject to excise tax as prescribed by current provisions.

- The excise tax-liable goods and services exported to the free trade zone from Vietnam’s inland area are exempted from excise tax. Cars with less than 24 seats are subject to excise tax as prescribed by current provisions.

- The excise tax-liable goods and services transferred or sold to other free trade zones, and vice versa, are exempted from excise tax.

- The excise tax-liable goods and services imported to Vietnam’s inland area from the free trade zone are not exempted from the excise tax on imported goods as prescribed by current law provisions.

Details can be found in Circular 08/2007/TT-BTC effective from March 3, 2007.

Ty Na

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