The amended Customs Law was passed by the National Assembly in June 2014. This represents a new development in the legal framework for the Customs sector to effectively carry out its duties amidst the increasingly deep international integration, contributing to the protection of sovereign interests and national security, and facilitating commercial activities.
Recently, the Ministry of Industry and Trade has issued Circular 05/2018/TT-BCT regulating the origin of goods and the declaration of the origin of goods for export goods and import goods.
From September 1, 2016, the application of export tariff schedules and preferential import tariff schedules; special preferential import tariff schedules; and ordinary tax rates for imported goods in Vietnam is specified in the following legislative documents:
Prohibition of export/import and suspension of export/import are administrative measures for the foreign trade management in Vietnam. Lawnet would like to outline the cases of prohibition of export/import and suspension of export/import under Law on Foreign Trade Management 2017.
On July 28, 2017, the General Department of Customs of Vietnam signed Decision 2587/QD-TCHQ promulgating the Internal Guideline on the procedures for participating in administrative procedure in courts for the Customs authorities.
From September 1, 2016, the Law on Export and Import Duties came into effect. With many new points and amendments moving towards progress, meeting the requirements of integration and development, the 2016 Law is expected to bring positive effects and promote economic growth.
Decree guiding the implementation of the Law on Export and Import Tax is being drafted by the Ministry of Finance. The Ministry of Finance is also expediting the completion of the draft before the effective date of the Law on Export and Import Tax on September 01, 2016. The draft Decree supplements some subjects eligible for tax exemption and tax refund.
The Law on Foreign Trade Management of Vietnam aims to promote administrative procedure reform, maintain a favorable business environment; boost domestic production as well as develop export and import activities.
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