How long is trực tiếp bóng đá hôm nay euro total period for applying safeguard duty in Vietnam?

What are cases ofsafeguard duty in Vietnam?

Based on trực tiếp bóng đá hôm nay euro provisions of Clause 7, Article 4 of trực tiếp bóng đá hôm nay euroLaw on Export and Import Duties 2016as follows:

Explanation of Terms

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

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7. safeguard duty is a supplementary import tax applied in cases where excessive importation of goods into Vietnam causes serious damage or threatens to cause serious damage to trực tiếp bóng đá hôm nay euro domestic industry or prevents trực tiếp bóng đá hôm nay euro formation of domestic production.

Thus,based on trực tiếp bóng đá hôm nay euro concept defined by law, it can be understood that trực tiếp bóng đá hôm nay euro safeguard duty appears when goods are excessively imported into Vietnam, causing damage, threatening to cause serious damage, or hindering trực tiếp bóng đá hôm nay euro formation of domestic industry. In such cases, trực tiếp bóng đá hôm nay euro safeguard duty will emerge.

How long is thetotal periodfor applyingsafeguard duty in Vietnam? (Image from trực tiếp bóng đá hôm nay euro Internet)

How long is thetotal period for applying safeguard duty in Vietnam?

Based on Article 14 of trực tiếp bóng đá hôm nay euroLaw on Export and Import Duties 2016, trực tiếp bóng đá hôm nay euro following is specified:

Safeguard duty

1. Conditions for applying safeguard duty:

a) trực tiếp bóng đá hôm nay euro quantity, volume, or value of imported goods increases suddenly, either absolutely or relatively, compared to trực tiếp bóng đá hôm nay euro quantity, volume, or value of similar or directly competitive goods produced domestically;

b) trực tiếp bóng đá hôm nay euro increase in quantity, volume, or value of imported goods as stipulated at point a of this clause causes or threatens to cause serious damage to trực tiếp bóng đá hôm nay euro domestic industry producing similar goods or directly competitive goods or prevents trực tiếp bóng đá hôm nay euro formation of trực tiếp bóng đá hôm nay euro domestic industry.

2. Principles for applying safeguard duty:

a) safeguard duty shall be applied within trực tiếp bóng đá hôm nay euro scope and to trực tiếp bóng đá hôm nay euro extent necessary to prevent or limit serious damage to trực tiếp bóng đá hôm nay euro domestic industry and create conditions for that industry to enhance its competitiveness;

b) trực tiếp bóng đá hôm nay euro application of safeguard duty must be based on trực tiếp bóng đá hôm nay euro investigation conclusion, except in cases of temporary safeguard duty application;

c) safeguard duty shall be applied on a non-discriminatory basis and irrespective of trực tiếp bóng đá hôm nay euro origin of trực tiếp bóng đá hôm nay euro goods.

3. trực tiếp bóng đá hôm nay euro duration of applying safeguard duty shall not exceed 4 years, including trực tiếp bóng đá hôm nay euro time of temporary safeguard duty application. trực tiếp bóng đá hôm nay euro duration of applying safeguard duty may be extended for no more than an additional 6 years, provided there is still serious damage or trực tiếp bóng đá hôm nay euro risk of serious damage to trực tiếp bóng đá hôm nay euro domestic industry and evidence that trực tiếp bóng đá hôm nay euro industry is adjusting to enhance competitiveness.

Thus,according to trực tiếp bóng đá hôm nay euro above regulation, trực tiếp bóng đá hôm nay euro maximum total duration for applying safeguard duty is 10 years (including extensions). However, extensions require trực tiếp bóng đá hôm nay euro condition that there remains serious damage or trực tiếp bóng đá hôm nay euro risk of severe damage to trực tiếp bóng đá hôm nay euro domestic industry and evidence that trực tiếp bóng đá hôm nay euro industry is adjusting to enhance competitiveness.

What are regulations on application of safeguard dutyin Vietnam?

Based on Article 15 of trực tiếp bóng đá hôm nay euroLaw on Export and Import Duties 2016as follows:

- trực tiếp bóng đá hôm nay euro application, change, and abolition of anti-dumping tax, countervailing duty, and safeguard duty shall be carried out according to trực tiếp bóng đá hôm nay euro provisions of this Law and trực tiếp bóng đá hôm nay euro law on anti-dumping, trực tiếp bóng đá hôm nay euro law on countervailing, and trực tiếp bóng đá hôm nay euro law on safeguards.

- Based on trực tiếp bóng đá hôm nay euro tax rate, quantity, or value of goods subject to anti-dumping tax, countervailing duty, safeguard duty, trực tiếp bóng đá hôm nay euro customs declarant is responsible for declaring and paying tax in accordance with trực tiếp bóng đá hôm nay euro law on tax management.

- trực tiếp bóng đá hôm nay euro Ministry of Industry and Trade decides on trực tiếp bóng đá hôm nay euro application of anti-dumping tax, countervailing duty, and safeguard duty.

- trực tiếp bóng đá hôm nay euro Ministry of Finance regulates trực tiếp bóng đá hôm nay euro declaration, collection, payment, and refund of anti-dumping tax, countervailing duty, safeguard duty.

- In case trực tiếp bóng đá hôm nay euro interests of trực tiếp bóng đá hôm nay euro Socialist Republic of Vietnam are harmed or violated, based on international treaties, trực tiếp bóng đá hôm nay euro Government of Vietnam reports to trực tiếp bóng đá hôm nay euro National Assembly to decide to apply other appropriate defensive tax measures.

How to calculate trực tiếp bóng đá hôm nay euro safeguard duty payableon an fixed amount of tax in Vietnam?

trực tiếp bóng đá hôm nay euro method of calculating safeguard duty is regulated in Article 39 ofCircular 38/2015/TT-BTCamended by Clause 23, Article 1 ofCircular 39/2018/TT-BTCas follows:

safeguard duty, Anti-Dumping Tax, Countervailing Duty

1. Basis for tax calculation:

a) trực tiếp bóng đá hôm nay euro actual imported quantity of each item recorded in trực tiếp bóng đá hôm nay euro customs declaration subject to safeguard duty, anti-dumping tax, countervailing duty;

b) trực tiếp bóng đá hôm nay euro taxable value of each imported item subject to safeguard duty, anti-dumping tax, countervailing duty;

c) trực tiếp bóng đá hôm nay euro tax rate for each item as regulated by trực tiếp bóng đá hôm nay euro Ministry of Industry and Trade.

2. Method of tax calculation:

a) In case of calculation by percentage

safeguard duty payable, anti-dumping tax, or countervailing duty payable = Quantity of each actual imported item recorded in trực tiếp bóng đá hôm nay euro customs declaration subject to safeguard duty, anti-dumping tax, or countervailing duty x Taxable value per unit of goods x Rate of safeguard duty, anti-dumping tax, or countervailing duty

b) In case of calculation by absolute tax rate

safeguard duty payable payable = Quantity of each actual imported item recorded in trực tiếp bóng đá hôm nay euro customs declaration subject to safeguard duty*** x safeguard duty payable, anti-dumping tax, or countervailing duty payable per unit of goods***

3. trực tiếp bóng đá hôm nay euro time for tax calculation follows trực tiếp bóng đá hôm nay euro provisions in Article 35 of this Circular.

4. For imported goods subject to one of trực tiếp bóng đá hôm nay euro import tax measures (safeguard duty, anti-dumping tax, countervailing duty), trực tiếp bóng đá hôm nay euro special consumption tax value, and value-added tax must include safeguard duty, anti-dumping tax, countervailing duty.

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Thus,according to trực tiếp bóng đá hôm nay euro above regulation, trực tiếp bóng đá hôm nay euro safeguard duty payable calculated on an fixed amount of tax will use trực tiếp bóng đá hôm nay euro following formula:

safeguard duty payable payable = Quantity of each actual imported item recorded in trực tiếp bóng đá hôm nay euro customs declaration subject to safeguard duty x safeguard duty payable, anti-dumping tax, countervailing duty payable per unit of goods.