Are import taxes exempt for components which cannot be domestically manufactured xoilac tv trực tiếp bóng đá hôm nay are imported serving the manufacturing in Vietnam?
Are import taxes exempt for components which cannot be domestically manufactured xoilac tv trực tiếp bóng đá hôm nay are imported serving the manufacturing in Vietnam?
Based on Clause 13, Article 16 of the2016 Law on Export Tax xoilac tv trực tiếp bóng đá hôm nay Import Tax, the regulations on tax exemption are as follows:
Tax Exemption
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- Raw materials, supplies, xoilac tv trực tiếp bóng đá hôm nay components that are not yet produced domestically, imported for the production of investment projects on the list of industries xoilac tv trực tiếp bóng đá hôm nay sectors with special investment incentives or areas with extremely difficult socio-economic conditions according to investment law provisions; high-tech enterprises, science xoilac tv trực tiếp bóng đá hôm nay technology enterprises, xoilac tv trực tiếp bóng đá hôm nay science xoilac tv trực tiếp bóng đá hôm nay technology organizations are exempt from import taxes for a period of 05 years from the start of production.
The import tax exemption stipulated in this clause does not apply to investment projects exploiting mineral resources; projects producing products with the total value of natural resources, minerals plus energy costs accounting for 51% or more of the product cost price; or projects producing, trading goods, xoilac tv trực tiếp bóng đá hôm nay services subject to special consumption tax.
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Therefore, components, raw materials, xoilac tv trực tiếp bóng đá hôm nay supplies that are not yet produced domestically, imported for production of investment projects on the list of industries xoilac tv trực tiếp bóng đá hôm nay sectors with special investment incentives will be exempt from import taxes for a period of 05 years from the start of production.
Note:The import tax exemption in this case does not apply to investment projects exploiting mineral resources; projects producing products with the total value of natural resources, minerals plus energy costs accounting for 51% or more of the product cost price; or projects producing, trading goods, xoilac tv trực tiếp bóng đá hôm nay services subject to special consumption tax.
Are import taxes exempt forcomponents which cannot be domestically manufactured xoilac tv trực tiếp bóng đá hôm nay are imported serving the manufacturing in Vietnam? (Image from the Internet)
Vietnam: Are imported raw materials, supplies xoilac tv trực tiếp bóng đá hôm nay components that were exempt from import duties but are not used on the list of industries xoilac tv trực tiếp bóng đá hôm nay sectors with special investment incentives taxable?
Based on Article 15 ofDecree 134/2016/ND-CP, amended by Clause 8, Article 1 ofDecree 18/2021/ND-CP, the regulations are as follows:
Import tax exemption for raw materials, supplies, xoilac tv trực tiếp bóng đá hôm nay components within 05 years
- Raw materials, supplies, xoilac tv trực tiếp bóng đá hôm nay components that are not yet produced domestically, imported for the production of investment projects stipulated in points a, b, xoilac tv trực tiếp bóng đá hôm nay c of this clause are exempt from import taxes within 05 years from the start of production in accordance with Clause 13, Article 16 of the Law on Export Tax xoilac tv trực tiếp bóng đá hôm nay Import Tax.
a) Investment projects on the list of industries xoilac tv trực tiếp bóng đá hôm nay sectors with special investment incentives stipulated in Appendix I of Decree No. 118/2015/ND-CP xoilac tv trực tiếp bóng đá hôm nay its amendments, supplements, or replacements (if any).
b) Investment projects on the list of areas with especially difficult socio-economic conditions stipulated in Appendix II of Decree No. 118/2015/ND-CP xoilac tv trực tiếp bóng đá hôm nay its amendments, supplements, or replacements (if any), or investment projects stipulated in points a xoilac tv trực tiếp bóng đá hôm nay c, Clause 2, Article 16 of Decree No. 118/2015/ND-CP xoilac tv trực tiếp bóng đá hôm nay its amendments, supplements, or replacements (if any).
c) Investment projects of high-tech enterprises, science xoilac tv trực tiếp bóng đá hôm nay technology enterprises, xoilac tv trực tiếp bóng đá hôm nay science xoilac tv trực tiếp bóng đá hôm nay technology organizations in accordance with laws on high technology xoilac tv trực tiếp bóng đá hôm nay science xoilac tv trực tiếp bóng đá hôm nay technology.
The production start time is the official production time, excluding trial production time. Taxpayers self-declare, take responsibility for the actual production commencement date, xoilac tv trực tiếp bóng đá hôm nay notify the customs authority where the tax exemption notification file is submitted prior to customs clearance.
After the 05-year tax exemption period, taxpayers must declare xoilac tv trực tiếp bóng đá hôm nay pay the required taxes for the unused imported raw materials, supplies, xoilac tv trực tiếp bóng đá hôm nay components that were tax-free.
Therefore, imported raw materials, supplies xoilac tv trực tiếp bóng đá hôm nay components that were exempt from import duties but are not used on the list of industries xoilac tv trực tiếp bóng đá hôm nay sectors with special investment incentives, when the 05-year tax exemption period ends, must be declared xoilac tv trực tiếp bóng đá hôm nay the required taxes paid by the taxpayer as per regulations.
What is the list of industries xoilac tv trực tiếp bóng đá hôm nay sectors with special investment incentives in Vietnam?
The list of industries xoilac tv trực tiếp bóng đá hôm nay sectors with special investment incentives is in Appendix 2 issued along withDecree 31/2021/ND-CP. Specifically:
A. HIGH TECHNOLOGY, INFORMATION TECHNOLOGY, SUPPORTING INDUSTRIES
(1). Application of high technology listed as a priority for investment development as decided by the Prime Minister of the Government of Vietnam.
(2). Production of products in the list of high-technology products encouraged for development as decided by the Prime Minister of the Government of Vietnam.
(3). Production of products in the list of supporting industry products prioritized for development under the regulations of the Government of Vietnam on supporting industry development.
(4). Incubation of high technology, incubation of high-tech enterprises; venture investment for high technology development; application, research xoilac tv trực tiếp bóng đá hôm nay development of high technology according to the provisions of high technology law; production of biotechnology products; training of high-tech personnel; xoilac tv trực tiếp bóng đá hôm nay provision of high-tech services.
(5). Production of software products, digital content products, key information technology products, xoilac tv trực tiếp bóng đá hôm nay software services under the provisions of information technology law; production of network security products xoilac tv trực tiếp bóng đá hôm nay provision of network security services that meet the conditions under the provisions of network security law; production of products derived from science xoilac tv trực tiếp bóng đá hôm nay technology results in accordance with science xoilac tv trực tiếp bóng đá hôm nay technology law.
(6). Production of renewable energy, clean energy, energy from waste destruction.
(7). Production of composite materials, types of lightweight materials, xoilac tv trực tiếp bóng đá hôm nay rare materials.
(8). Production of products in the list of key mechanical products as decided by the Prime Minister of the Government of Vietnam.
B. AGRICULTURE
(1). Planting, caring, nurturing, protecting, xoilac tv trực tiếp bóng đá hôm nay developing forests, developing production forests on barren or bare hills, planting large timber forests, xoilac tv trực tiếp bóng đá hôm nay converting small timber forests to large timber forests; developing non-timber forest products, xoilac tv trực tiếp bóng đá hôm nay restoring natural forests.
(2). Aquaculture, processing, preserving agricultural, forestry, xoilac tv trực tiếp bóng đá hôm nay fishery products, xoilac tv trực tiếp bóng đá hôm nay processing non-timber forest products.
(3). Production, propagation, xoilac tv trực tiếp bóng đá hôm nay breeding of plant varieties, animal breeds, forestry seedlings, aquaculture breeds, xoilac tv trực tiếp bóng đá hôm nay development of high-tech forestry plant varieties.
(4). Production, exploitation, xoilac tv trực tiếp bóng đá hôm nay refining of salt.
(5). Offshore fishing combined with the application of advanced fishing tools; fisheries logistics services; construction of fishing vessel manufacturing facilities.
(6). Marine rescue services.
(7). Investment in research, xoilac tv trực tiếp bóng đá hôm nay production of biotechnology products used for food.
(8). Production of wooden products; production of artificial boards, including plywood, blockboards, xoilac tv trực tiếp bóng đá hôm nay MDF boards.
C. ENVIRONMENTAL PROTECTION, INFRASTRUCTURE CONSTRUCTION
(1). Collection, treatment, recycling, xoilac tv trực tiếp bóng đá hôm nay reuse of concentrated waste.
(2). Construction xoilac tv trực tiếp bóng đá hôm nay business of industrial park infrastructure, export processing zones, high-tech zones, xoilac tv trực tiếp bóng đá hôm nay functional areas in economic zones.
(3). Investing in the development of water plants, power plants, water supply xoilac tv trực tiếp bóng đá hôm nay drainage systems, roads, rail transport, airport infrastructure, seaports, inland water ports, airports, xoilac tv trực tiếp bóng đá hôm nay other infrastructure works especially important as decided by the Prime Minister of the Government of Vietnam.
(4). Development of public passenger transport in urban areas.
(5). Investment in the construction xoilac tv trực tiếp bóng đá hôm nay management of rural market business.
(6). Investing in developing, operating, xoilac tv trực tiếp bóng đá hôm nay managing technical infrastructure works of industrial clusters.
D. CULTURE, SOCIETY, SPORTS, HEALTH
(1). Construction of social housing, resettlement housing.
(2). Investment in business establishments providing sanitation xoilac tv trực tiếp bóng đá hôm nay disease prevention services.
(3). Scientific research on formulation technologies, biotechnology for new drug production, new veterinary drugs, vaccines, xoilac tv trực tiếp bóng đá hôm nay veterinary biological products.
(4). Production of pharmaceutical ingredients xoilac tv trực tiếp bóng đá hôm nay essential drugs, drugs for social diseases prevention, vaccines, medical biological products, herbal medicines, oriental medicines; drugs nearing patent expiration or other relevant rights; application of advanced technology, biotechnology for drug production meeting international GMP standards; xoilac tv trực tiếp bóng đá hôm nay production of packaging directly in contact with drugs.
(5). Investing in Methadone production facilities.
(6). Business investment in high-performance sports training centers xoilac tv trực tiếp bóng đá hôm nay centers for training xoilac tv trực tiếp bóng đá hôm nay coaching sports for people with disabilities; construction of sports facilities with equipment for international competitions; xoilac tv trực tiếp bóng đá hôm nay professional sports facilities.
(7). Business investment in geriatric, mental health centers, xoilac tv trực tiếp bóng đá hôm nay treatment centers for Agent Orange victims; elderly care centers, disability centers, orphanages, xoilac tv trực tiếp bóng đá hôm nay shelters for homeless children.
(8). Business investment in social protection centers; public rehab centers; HIV/AIDS treatment centers; public drug rehab centers; private drug rehab centers; xoilac tv trực tiếp bóng đá hôm nay community drug addiction counseling xoilac tv trực tiếp bóng đá hôm nay support points at the district level.
(9). Business investment in national museums, ethnic cultural centers; folk song xoilac tv trực tiếp bóng đá hôm nay dance ensembles; theaters, studios, film production xoilac tv trực tiếp bóng đá hôm nay processing facilities; visual arts xoilac tv trực tiếp bóng đá hôm nay photography exhibition centers; production, crafting, xoilac tv trực tiếp bóng đá hôm nay repair of ethnic musical instruments; restoration, xoilac tv trực tiếp bóng đá hôm nay preservation of museums, ethnic cultural centers, xoilac tv trực tiếp bóng đá hôm nay cultural art schools; handicraft villages for traditional occupations; business investment in folk performing arts; business investment in the Vietnam National Library, public libraries of provinces xoilac tv trực tiếp bóng đá hôm nay centrally run cities, xoilac tv trực tiếp bóng đá hôm nay libraries with an important role.
(10). Business investment in the operation of community-based gender-based violence prevention facilities for sex workers.
