13 CASES ELIGIBLE FOR TAX REFUND CONSIDERATION
On December 06, 2010, the Ministry of Finance issued the Circular No. 194/2010/TT-BTC guiding customs procedures; customs inspection and supervision; import duty, export duty and tax administration applicable to imports and exports.
This is the general guiding document collecting all the custom professional operations for imports, exports and goods in transit; and means of transport on entry, exit or in transit basing on current regulations in order to create favor conditions for import and export activities.
This Circular regulates in details 13 cases eligible for tax refund consideration such as imports for which import duty has been paid but which are still in warehouses or storing yards under customs supervision and permitted for re-export; exports or imports for which export or import duty has been paid but actually are not exported or imported; goods for which export or import duty has been paid but have been actually exported or imported in smaller quantities and Goods imported for delivery or sale to foreign parties by Vietnam-based agents; goods imported for sale to foreign companies’ vehicles or vessels on international routes through Vietnamese ports and Vietnamese vehicles or vessels on international routes under the Government’s regulations;
Exports and imports currently under customs supervision which are damaged or lost as assessed and certified by competent agencies or organizations may be considered for tax reduction corresponding to the rate of their actual damage.
Tax is exempted for 21 cases as follow: Goods temporarily imported for re-export or temporarily exported for re-import for participation in trade fairs, exhibitions or product displays; goods being movable assets of Vietnamese or foreign organizations and individuals brought into or from Vietnam within prescribed limits; Imports or exports of foreign organizations and individuals enjoying diplomatic privileges and immunities in Vietnam; Domestically unavailable materials, supplies and semi-finished products imported for production under investment projects in border-gate economic zones are exempt from tax; Goods imported for sale at duty-free shops and so on.