Tax refunds for re-exported goods

According to Decree No. 134/2016/NĐ-CP, Vietnamese-based businesses will get import tax refunds and be free from paying export duty for the goods imported for re-export with import duty already paid.

Tax reimbursement will be made to the goods imported for re-export, including:

1- Imported goods which must be re-exported to foreign countries or exported to non-tariff zones for use in non-tariff zones. The re-export of goods must be conducted by initial importers or those who are authorized by initial importers.

2- Imported goods with duty paid, which have been sent from overseas to organizations and individuals in Viet Nam through postal services and international express delivery services, but have to be re-exported because of failing to reach the recipients.

3- Goods imported with duty paid and then sold to foreign firms’ means of transport on international routes via Vietnamese ports or Viet Nam’s means of transport on international routes as stipulated.

4- Imported goods with duty paid, stored in warehouses at border gates and under supervision of the customs agency, re-exported abroad.

The decree clearly stipulates that taxpayers are responsible for precise and honest declaration in the customs declaration form about re-exported goods being as previously imported goods, as well as information about the number and date of the contract and the name of the goods purchaser.

Customs agencies are for checking the declared contents of taxpayers and clearly noting down the checking results in order to serve tax reimbursement.

Procedures concerning submitting, receiving and dealing with tax reimbursement dossiers must be performed in accordance with legal regulations on tax management.

Regarding the goods subject to tax reimbursement, with tax yet to be paid or not liable to tax as stipulated in Article 19 of the Law on Import Tax and Export Tax, dossiers and procedures are performed as similarly as tax reimbursement dossiers and procedures.

(Source:VGP)