CUSTOMS PROCEDURE - the export processing zone

The export processing zone

Question: Ask about the import tax exemption for outsourced goods in the export processing zone.
Reply:
Regarding import and export duties, according to the General Department of Customs, the import and export tax policies for goods manufactured, processed, reprocessed and assembled in non-tariff areas comply with Article 22 of Decree 134/2016 / ND- CP dated September 1, 2016 of the Government.
Accordingly, goods manufactured, processed, reprocessed or assembled in non-tariff areas without using imported raw materials and components when being imported into the domestic market are exempt from import tax under Clause 8. Article 16 Law on Export Tax and Import Tax
Where products are manufactured, reprocessed or assembled in a non-tariff area using imported raw materials and components, when importing into the domestic market, import tax must be paid according to the tax rate and value calculated. tax on imported goods into inland Vietnam. Dossiers and procedures for tax exemption comply with Article 31 of this Decree.
According to: General Department of Customs

Bài viết khác

EXPORT-IMPORT PROCEDURE FOR PRINTER AND PRINTER INK 29/03/2021 15:14

Vietnam is a growing economy with demands for printing products growing high. While demand from the market shows that the consumption of printing products, especially for publication and education is growing strong, demand for printer and printer ink from enterprises working in the printing industry is also growing. Seeing such growth, many enterprises working in the commercial sector and printing sector, have risen their interest for importing printer and printer ink to Vietnam to satisfy the internal market. Alongside importing, some local enterprises have joined in the production sector for printer and printer ink. These companies alongside from focusing on the internal market, maybe will be more interested on exporting their products to international market when the economy grows better.

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