Legal Counselling

Vietnam: Supplementing responsibility for implementing the priority policies of customs authorities

11:45, 05/02/2019

The Ministry of Finance of Vietnam issued 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 Vietnam’s new regulations, to implement the priority policies in customs procedures effectively and fairly, the General Department of Customs shall:

- Manage, monitor and assess the compliance with the law on customs and the law on taxation by enterprises given priority. The General Department of Customs shall assist these enterprises in improving their capacity to comply with such laws at the enterprise's request.

- Annually collect information about enterprises’ compliance with the law on customs and the law on taxation from Departments of Taxation and Customs Departments of provinces or cities where their headquarters are located and where their import/ export activities are performed.

- Inspect the maintenance of satisfaction of eligibility requirements for application of priority policies by enterprises given customs priority, and key investment projects which are recognized and eligible to be granted customs priority when they are finished and put into official operation.

- Apply priority policies to eligible enterprises.

- Announce and update the list of enterprises given customs priority and cooperate with warehousing service providers in applying priority policies to eligible enterprises.

View relevant provisions at Circular No. 07/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from January 28, 2019.

- Thanh Lam -

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