Mazars in Vietnam Newsletter - Customs Update - Issue November 2020

1. CUSTOMS DECLARATION & CUSTOMS TAX POLICY

• Use mode B13 when re-exporting the returned goods imported for repair (re-processing)
• Re-exporting goods under other export modes other than mode B13 may also be eligible to tax refund

2. CERTIFICATE OF ORIGIN (C/O)

• C/O Form AI with additional text "Third country” is accepted
• New notable rules for C/O Form D (for ATIGA) from 20 September 2020
• Goods imported from Cambodia into Vietnam is also eligible to special-preferential import duty rate under AANZFTA
• Announcement about the website addresses to check C/O issued by the competent authority of Japan and Chile

3. CUSTOMS PROCEDURE & TAX POLICY APPLYING TO EXPORT-MANUFACTURING MODEL, EXPORT-PROCESSING MODEL AND EXPORT-PROCESSING ENTERPRISES (“EPEs”).

• Processed products outsourced to EPE as sub-processor are taxed when imported back by the domestic enterprise if the EPE uses imported material in its production
• No tax imposition in case of late notification about the sub-processing vendor and sub-processing contract

4. SPECIALIZED MANAGEMENT REQUIREMENTS FOR IMPORTED GOODS

• Guidance on specialized management policy for import of printer
• Guidance on specialized management policy for import of alcohols
• Imports being plant-derived products with name and description stipulated under the List of medicinal herbs but mainly used as food are temporarily not required to follow the specialized management requirements per the Law on Pharmacy
• Non-commercial goods are not exempted from quality inspection

Our support

We do trust the above points are notable and sufficient, but should you have any question or need a deeper discussion on this issue, please do not hesitate to contact us.

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