This is a featured content specified in Circular No. 07/2019/TT-BTC providing amendments to Circular No. 72/2015/TT-BTC on application of priority policies to customs procedures, customs supervision and inspection of imports and exports.
According to Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam, taxation procedures for imports and exports under priority policies are amended and supplemented as follows:
- Enterprises shall be entitled to tax refund before inspection. The application for tax refund shall be prepared according to regulations laid down in Decree No. 134/2016/NĐ-CP of Vietnam’s Government; procedures for submitting, receiving and processing applications for tax refund shall be carried out in accordance with Decree No. 134/2016/NĐ-CP, Circular No. 38/2015/TT-BTC and Circular No. 39/2018/TT-BTC of the Ministry of Finance of Vietnam. Customs authorities shall examine the suitability of received applications according to calculation results and declarations provided by enterprises. A decision on tax refund must be issued within a business day from the receipt of a valid application for tax refund.
- Enterprises eligible for customs priority must pay taxes on their exports or imports within the time limit prescribed in Clause 2 Article 9 of the Law on export and import duties of Vietnam.
- Enterprises shall be given priority when following procedures for paying taxes on their imports or exports in accordance with the Law on taxation.
Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam takes effect from January 28, 2019.
- Thanh Lam -
Address: | 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City |
Phone: | (028) 7302 2286 |
E-mail: | info@lawnet.vn |