Mazars in Vietnam Newsletter - Customs Update - Issue August 2021

In this issue, there are notable topics covered as following:

1. UK exporters must register the EORI code instead of the REX code
2. Guidance on self-certification of origin under the EVFTA for shipments originating from the Principality of Andorra and the Republic of San Marino
3. Address for tracking electronic C/O form D
4. Some new guidance on C/O form D
5. The value of the upgraded software is not included in the customs value of imported machinery and equipment
6. Re-import of exported goods must undergo a physn to be considered duty-free
7. No VAT refund for the case of exporting goods under business export model
8. Entrusted import serving for export manufacturing business is exempt from customs duty
9. Products re-imported after hiring an Export Processing Enterprise (“EPE”) for processing are subject to import duty
10. Disposed materials for export-manufacturing purpose imported before 25/04/2021 is exempted from import duty
11. Guidance on customs procedures and tax policies for goods imported for construction to EPEs
12. New guidance on tax policy for on-the-spot import of raw materials for export-manufacturing purpose

Our support

For regulation changes and tax matters, we can provide you with assistance on:

• Registration, declaration of Personal Income Tax, Corporate Tax, VAT and Foreign Contractor Tax.
• Tax refunds assistance and representation.
• Consultancy on utilizing opportunities provided by transfer pricing.
• Customs Advisory: Compliance & Reporting; FTA and C/O; Harmonised System code classification and valuation; Inventory control; International trade arrangement; and Others.

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