TAX EXEMPTIONS FOR IMPORTED GOODS FOR EXPORT PRODUCTION

15:23:3802/06/2021

At the Resolution of the regular Government meeting in November 2020, the Government agreed with the Ministry of Finance's proposal that goods imported for export production are exempt from import tax according to the provisions of Clause 7, Article 16. Law on Export Tax and Import Tax No. 107/2016/QH13.

At the Resolution of the regular Government meeting in November 2020, the Government agreed with the Ministry of Finance's proposal that goods imported for export production are exempt from import tax according to the provisions of Clause 7, Article 16. Law on Export Tax and Import Tax No. 107/2016/QH13.
The Government assigned the Ministry of Finance to direct customs authorities to refund the assessed tax amount that businesses have paid according to regulations, and not to collect taxes in cases where the assessed tax amount has not been paid. In addition, the Ministry of Finance needs to have strict management measures to prevent policy abuse and profiteering from occurring; Urgently review and add this content to the draft Decree amending and supplementing Decree No. 134/2016/ND-CP, report to the Government, preside over and coordinate with ministries, branches and localities to create favorable conditions. conditions for production and business, and at the same time have measures to strictly and accurately manage and post-clearance inspection the import of goods for export production according to the provisions of law.

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