This March 16 Decree provides for the determination of customs value of imported and exported goods for tax calculation and statistics.
This March 16 Decree provides for the determination of customs value of imported and exported goods for tax calculation and statistics.
The time for determination of the customs value is the date the customs declarant registers the imports or exports customs declaration.
When the customs value is determined by the customs office, the above time is the date the customs office determines the value under the provisions of this Decree.
Within 10 working days after the customs office issues a document fixing the tax amount at the price determined by itself, the customs declarant shall fulfill the tax obligation.
The customs value for calculation of tax on imported or exported goods (tax calculation value) is determined as follows:
- For exported goods, the tax calculation value is the goods’ selling price at the border gate of exportation (FOB or DAF), excluding insurance (I) cost and freight (F).
- For imported goods, the tax calculation value is the payable actual price calculated at the first border gate of importation and determined by the methods specified in this Decree.
The tax calculation value of imported goods may be determined according to the trading value which is the price at which the buyer has actually paid or shall pay for the goods to be exported to
The purchaser has unrestricted right to dispose of or use goods after they are imported but is subject to restrictions in the purchase, sale or use of goods; restrictions in places for consumption of goods after they are imported; and other restrictions, which, however, will not affect the goods value.
This Decree replaces Government Decree No. 155/2005/ND-CP of
(Source: VietnamLaw)
