trực tiếp bóng đá euro hôm nayDo free trade zones in Vietnam have boundaries?

Dofree trade zones in Vietnam have boundaries?

Based on Clause 1, Article 4 of trực tiếp bóng đá euro hôm nay2016 Law on Export and Import Duties, a free trade zone is defined as follows:

Terminology Explanation

In this Law, trực tiếp bóng đá euro hôm nay following terms are understood as follows:

1. A free trade zone is an economic area within trực tiếp bóng đá euro hôm nay territory of Vietnam, established in accordance with trực tiếp bóng đá euro hôm nay law, with a defined geographical boundary, separated from trực tiếp bóng đá euro hôm nay surrounding area by a hard fence, ensuring conditions for trực tiếp bóng đá euro hôm nay inspection, supervision, and control of customs agencies and related agencies over export and import goods, vehicles, and passengers. trực tiếp bóng đá euro hôm nay relationship of buying and selling, exchanging goods between trực tiếp bóng đá euro hôm nay free trade zone and trực tiếp bóng đá euro hôm nay outside is a relationship of export and import.

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Thus,it can be understood that a free trade zone is an area within trực tiếp bóng đá euro hôm nay territory of Vietnam with clearly defined boundaries, ensuring safety and supervising activities within this free trade zone.

Do free trade zones in Vietnam have a boundaries?(Image from trực tiếp bóng đá euro hôm nay Internet)

Are goods exported from a free trade zone to foreign countries subject to export-import duties in Vietnam?

According to Article 2 of trực tiếp bóng đá euro hôm nay2016 Law on Export and Import Dutieswhich stipulates as follows:

Taxable Objects

1. Goods exported or imported through Vietnamese border gates and borders.

2. Goods exported from trực tiếp bóng đá euro hôm nay domestic market into trực tiếp bóng đá euro hôm nay free trade zone, goods imported from trực tiếp bóng đá euro hôm nay free trade zone into trực tiếp bóng đá euro hôm nay domestic market.

3. Goods exported or imported on trực tiếp bóng đá euro hôm nay spot and goods exported or imported by enterprises with trực tiếp bóng đá euro hôm nay right to export, import, and distribute.

4. Export and import duties are not applicable to trực tiếp bóng đá euro hôm nay following cases:

a) Goods in transit, transshipment, and international transfer;

b) Humanitarian aid goods, non-refundable aid goods;

c) Goods exported from trực tiếp bóng đá euro hôm nay free trade zone to foreign countries; goods imported from foreign countries into trực tiếp bóng đá euro hôm nay free trade zone and only used within trực tiếp bóng đá euro hôm nay free trade zone; goods transferred from one free trade zone to another;

d) Petroleum used to pay resource tax to trực tiếp bóng đá euro hôm nay State when exported.

5. trực tiếp bóng đá euro hôm nay Government of Vietnam provides detailed regulations on this Article.

Thus, according to trực tiếp bóng đá euro hôm nay above regulations, it can be seen that goods exported from trực tiếp bóng đá euro hôm nay free trade zone to foreign countries are not subject to export and import duties.

Are goods assembled in a free trade zone exempt from taxes in Vietnam?

Based on Clause 8, Article 16 of trực tiếp bóng đá euro hôm nay2016 Law on Export and Import Dutieswhich stipulates as follows:

Tax Exemption

1. Exported or imported goods of foreign organizations and individuals entitled to privileges and immunities in Vietnam within trực tiếp bóng đá euro hôm nay quotas in accordance with international treaties to which trực tiếp bóng đá euro hôm nay Socialist Republic of Vietnam is a signatory; goods within trực tiếp bóng đá euro hôm nay duty-free luggage allowances of exiting or entering persons; goods imported for sale at duty-free shops.

2. Moving assets, gifts within trực tiếp bóng đá euro hôm nay quotas from foreign organizations and individuals to Vietnamese organizations and individuals or vice versa.

Moving assets, gifts with quantities or values exceeding trực tiếp bóng đá euro hôm nay duty-free limit must pay tax on trực tiếp bóng đá euro hôm nay excess portion, except in cases where trực tiếp bóng đá euro hôm nay recipient unit is an agency or organization with State budget-funded operational expenses and is authorized to receive, or in cases for humanitarian or charitable purposes.

3. Goods bought and sold, exchanged across borders of border residents within trực tiếp bóng đá euro hôm nay list of goods and quotas for production and consumption by border residents.

In case goods are purchased and transported within trực tiếp bóng đá euro hôm nay quotas but not used for production and consumption by border residents and goods exported or imported by foreign traders allowed to trade in border markets, taxes must be paid.

4. Goods exempted from export or import duties under international treaties to which trực tiếp bóng đá euro hôm nay Socialist Republic of Vietnam is a signatory.

5. Goods with values or tax amounts below trực tiếp bóng đá euro hôm nay minimum threshold.

6. Raw materials, supplies, components imported for processing export products; complete products imported to be attached to processed products; processed products for export.

Processed products for export produced from domestic raw materials and supplies subject to export taxes are not exempt from taxes on trực tiếp bóng đá euro hôm nay value of trực tiếp bóng đá euro hôm nay domestic raw materials and supplies incorporated into trực tiếp bóng đá euro hôm nay export products.

Goods exported for processing and then imported are exempt from export and import duties on trực tiếp bóng đá euro hôm nay value of trực tiếp bóng đá euro hôm nay exported raw materials incorporated into trực tiếp bóng đá euro hôm nay processed products. For goods exported for processing and then imported which are resources, minerals, or products with total resource and mineral values plus energy costs accounting for 51% or more of trực tiếp bóng đá euro hôm nay product cost, they are not exempt from duties.

7. Raw materials, supplies, components imported for trực tiếp bóng đá euro hôm nay production of export goods.

8. Goods produced, processed, recycled, and assembled in a free trade zone not using imported raw materials and components from foreign countries when imported into trực tiếp bóng đá euro hôm nay domestic market.

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Thus, goods assembled in a free trade zone that do not use imported raw materials and components from foreign countries when imported into trực tiếp bóng đá euro hôm nay domestic market will be exempt from export and import duties.