Mazars in Vietnam Newsletter - Customs Update - Issue January 2022

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

1. New guide on price consultation process and supplementing documents
2. Export Processing Enterprises (“EPE company”) must declare and pay tax for their goods before transforming company type
3. EPEs allowed to rent warehouses located outside industrial parks, export processing zones, hi-tech zones, economic zones to store imported materials / supplies and manufactured products
4. Special-preferential tariff schedule (“FTA duty rate”) is not applicable during the waiting time of C/O verification
5. Amending and supplementing regulations on goods labeling
6. New guidance on certificate of goods origin under UKVFTA
7. Analysis and classification result of past shipments can only be used for future shipments of identical imported goods
8. New guidance on declaring imported software after the import of machinery / equipment of which HS code is declared following the HS code of main machine
9. Allow late submission of documents in Customs dossier up to 30 days

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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