Tax barriers removed, Dong Nai seizes opportunities to attract more investment

(ĐN)- As of July 1, 2025, the amended Law No. 90/2025/QH15 has removed key regulatory barriers for businesses engaged in on-the-spot import and export, benefiting businesses across the country, particularly in Dong Nai.

Dong Nai Customs officers inspect goods at ICD Tan Cang Nhon Trach.

Previously, many domestic and foreign-invested enterprises (FDIs) in Dong Nai faced difficulties due to the lack of official recognition for on-the-spot import and export of raw materials used in export production. As a result, they missed out on tax incentives.

Responding to the concerns, local tax and customs authorities submitted proposals for legal amendments to central authorities. On June 25, the National Assembly passed Law No. 90/2025/QH15, introducing Article 47a to the Customs Law to clarify customs procedures for on-the-spot import-export transactions."

Mr. Tran Van Hung, an accountant at a foreign footwear manufacturer in Bien Hoa 2 Industrial Park, welcomed the changes, calling them a major legal breakthrough that helps businesses streamline operations and benefit from tax incentives.

VAT rate cut to 0% for on-the-spot exports

Alongside customs reforms, the amended VAT Law now grants a 0% VAT rate to qualified on-the-spot I/E goods. Article 9 clarifies that this rate applies to goods sold to foreign buyers, those consumed in non-tariff zones, duty-free shops, and goods exported on the spot.

Ms. Tran Thi Tuyet, an accountant at GK Co., Ltd. in Long Binh Industrial Park, emphasized the need for accounting and I/E departments to stay updated and ensure compliance with these new regulations from the outset.

According to Dong Nai Tax Department, nearly 2,700 VAT refund decisions were issued in 2024, totaling nearly VND 19 trillion, underscoring the role of tax policy in supporting enterprises.

Creating an attractive investment climate

Finance Minister Nguyen Van Thang affirmed that the 0% VAT rate will not affect state revenue but instead promote on-the-spot import-export, improve business efficiency, and encourage investment, especially from large FDI enterprises.

These legal reforms are expected to strengthen Dong Nai’s appeal as an investment destination, enhance export competitiveness, and drive local economic growth.

Overall, Law No. 90/2025/QH15 has removed key barriers in customs and tax procedures for on-the-spot import-export activities, applying a 0% VAT rate and clarifying legal definitions. This marks a significant step in improving the business environment and attracting investment to Dong Nai.

Reported by N.Lien