What are trực tiếp bóng đá k+ cases of exemption from import duty on bus components in Vietnam?

What are thecases ofexemption fromimport duty on bus components in Vietnam?

According to Article 1 ofCircular 169/2015/TT-BTC:

Scope

1. This Circular guides trực tiếp bóng đá k+ exemption of import tax for imported parts and components that have not yet been manufactured domestically for projects manufacturing, assembling public buses.

2. Components (including details, groups of details, and parts) mentioned in Clause 1 of Article 1 of this Circular are completed products that have not been assembled or are not yet complete but have trực tiếp bóng đá k+ basic characteristics of completed products.

3. Parts mentioned in Clause 1 of Article 1 of this Circular are components or groups of components.

According to Article 2 ofCircular 169/2015/TT-BTC:

Regulated entities

1. Organizations and individuals importing parts and components not yet manufactured domestically to manufacture, and assemble public buses.

2. Organizations and individuals importing under trust or winning bids to import parts and components not yet manufactured domestically to supply for trực tiếp bóng đá k+ projects of manufacturing, assembling public buses as stipulated in Clause 1 of Article 1 of this Circular.

Therefore, organizations and individuals importing under trust or winning bids to import bus components that havenot yet been manufactured domestically to supply for projects manufacturing, and assembling public buses will be exempt from import duty.

What are trực tiếp bóng đá k+ cases of exemption from import duty on bus components in Vietnam? (Image from trực tiếp bóng đá k+ Internet)

What are trực tiếp bóng đá k+ conditions forexemption from import duty on bus components that have not yet been manufactured domestically in Vietnam?

According to Article 3 ofCircular 169/2015/TT-BTC, trực tiếp bóng đá k+ conditions forexemption from import duty on bus components that havenot yet been manufactured domestically in Vietnam for projects of manufacturing, assembling public buses are as follows:

- trực tiếp bóng đá k+ project of manufacturing, assembling public buses is approved by trực tiếp bóng đá k+ competent authority according to regulations;

- Parts and components imported to serve trực tiếp bóng đá k+ project of manufacturing, assembling public buses are not included in trực tiếp bóng đá k+ list of parts and components used for producing, assembling public buses that are already manufactured domestically as stipulated by trực tiếp bóng đá k+ competent state authority.

Is an imported 45-seat bus subject to excise tax in Vietnam?

Under trực tiếp bóng đá k+ regulations mentioned in Clause 4 Article 3 ofLaw on Excise Tax2008(amended by Clause 2 Article 1 ofLaw on Amending Excise Tax2014):

Non-taxable objects

Goods specified in Clause 1, Article 2 of this Law are not subject to excise tax in trực tiếp bóng đá k+ following cases:

1. Goods which are directly exported by producers or processors, or which are sold or entrusted by these producers or processors to other business establishments for export;

2. Imported goods, including:

a/ Goods as humanitarian aid or non-refundable aid; gifts for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-profcssional organizations or people’s armed forces units; and donations or gifts for individuals in Vietnam within trực tiếp bóng đá k+ quotas prescribed by trực tiếp bóng đá k+ Government;

b/ Goods transited or transported via Vietnamese border gates or borders, and goods transported to and from border gates under trực tiếp bóng đá k+ Government’s regulations;

c/ Goods temporarily imported for re-export and temporarily exported for re-import which are not subject to import duty or export duty within trực tiếp bóng đá k+ time limit specified in trực tiếp bóng đá k+ law on import duty and export duty;

d/ Personal effects of foreign organizations and individuals within diplomatic immunity quotas; personal belongings within duty-free luggage quotas; and goods imported for duty-free sale under law;

3. Aircraft, yachts used for transport of goods, passengers, tourists, and aircraft used for national defense and security purposes;

4. Ambulances; prison vans; hearses; cars designed with both seats and standing places for transporting 24 or more people; cars running in recreation, entertainment and spoils areas which neither are registered for circulation nor move on roads;

5. Goods imported from abroad into non-tariff areas, goods sold from trực tiếp bóng đá k+ inland into non-tariff areas for use only in non-tariff areas, and goods traded between non-tariff areas, except under-24 seat cars.

Cars designed with both seats and standing places for transporting 24 or more peopleare not subject to theexcise tax.

Thus, an imported 45-seat bus that has over 24 seats and is designed with both seating and standing spaces is not subject to excise tax.