Is countervailing xem bóng đá trực tiếp vtv2 an import tax in Vietnam?

Is countervailing xem bóng đá trực tiếp vtv2 an import tax in Vietnam?

According to the definition of countervailing xem bóng đá trực tiếp vtv2 stipulated in Clause 6 Article 4 of theLaw on Export and Import Duties 2016as follows:

Countervailing xem bóng đá trực tiếp vtv2 is an additional import tax applied in cases where imported subsidized goods cause or threaten to cause significant damage to domestic production, or impede the establishment of new domestic production.

Therefore, according to the above regulation, countervailing xem bóng đá trực tiếp vtv2 is an additional import tax.

Are subsidized goods imported into Vietnam subject to countervailing xem bóng đá trực tiếp vtv2?

Based on Article 13 of theLaw on Export and Import Duties 2016which stipulates as follows:

Countervailing xem bóng đá trực tiếp vtv2

1. Conditions for applying countervailing xem bóng đá trực tiếp vtv2:

a) Imported goods are determined to be subsidized according to the law;

b) Imported goods cause or threaten to cause significant damage to domestic production or impede the establishment of new domestic production.

2. Principles for applying countervailing xem bóng đá trực tiếp vtv2:

a) Countervailing xem bóng đá trực tiếp vtv2 is applied only to the necessary and reasonable extent to prevent or limit significant damage to domestic production;

b) The application of countervailing xem bóng đá trực tiếp vtv2 is carried out after investigation and based on the conclusion of the investigation as prescribed by law;

c) Countervailing xem bóng đá trực tiếp vtv2 is applied to subsidized goods imported into Vietnam;

d) The application of countervailing xem bóng đá trực tiếp vtv2 must not harm domestic socio-economic interests.

3. The duration for applying countervailing xem bóng đá trực tiếp vtv2 is not more than 5 years from the date the application decision takes effect. In necessary cases, the decision to apply countervailing xem bóng đá trực tiếp vtv2 can be extended.

Thus, according to the above regulation, countervailing xem bóng đá trực tiếp vtv2 is applied to subsidized goods imported into Vietnam.

Additionally, the calculation of countervailing xem bóng đá trực tiếp vtv2 on imported goods is carried out according to the provisions in Article 39 ofCircular 38/2015/TT-BTC(amended by Clause 23 Article 1 ofCircular 39/2018/TT-BTC). The countervailing xem bóng đá trực tiếp vtv2 on imported goods is calculated based on the following grounds:

- The actual number of units of each item imported as stated in the customs declaration subject to countervailing xem bóng đá trực tiếp vtv2;- The dutiable value of each imported item subject to countervailing xem bóng đá trực tiếp vtv2;- The tax rate for each item regulated by the Ministry of Industry and Trade.

Formula for calculating countervailing xem bóng đá trực tiếp vtv2 on imported goods:

(1) For percentage-based calculation

(2) For absolute tax calculation:

*Note:For imported goods subject to countervailing xem bóng đá trực tiếp vtv2, the dutiable value for excise tax and value-added tax must include the countervailing xem bóng đá trực tiếp vtv2.

Is countervailing xem bóng đá trực tiếp vtv2 an import tax in Vietnam? (Image from the Internet)

What are regulations on the application of countervailing xem bóng đá trực tiếp vtv2 in Vietnam?

According to Article 15 of theLaw on Export and Import Duties 2016stipulates the application of countervailing xem bóng đá trực tiếp vtv2 as follows:

- The application, change, and abolition of antidumping xem bóng đá trực tiếp vtv2, countervailing xem bóng đá trực tiếp vtv2, and safeguard xem bóng đá trực tiếp vtv2 are carried out in accordance with this Law and the laws on antidumping, countervailing, and safeguard.

- Based on the tax rate, quantity, or value of goods subject to antidumping xem bóng đá trực tiếp vtv2, countervailing xem bóng đá trực tiếp vtv2, and safeguard xem bóng đá trực tiếp vtv2, the customs declarant is responsible for declaring and paying taxes according to the provisions of the law on tax administration.

- The Ministry of Industry and Trade decides on the application of antidumping xem bóng đá trực tiếp vtv2, countervailing xem bóng đá trực tiếp vtv2, and safeguard xem bóng đá trực tiếp vtv2.

- The Ministry of Finance regulates the declaration, collection, payment, and refund of antidumping xem bóng đá trực tiếp vtv2, countervailing xem bóng đá trực tiếp vtv2, and safeguard xem bóng đá trực tiếp vtv2.

- In cases where the interests of the Socialist Republic of Vietnam are harmed or violated, based on international agreements, the Government of Vietnam reports to the National Assembly to decide on the application of other fitting protective tax measures.

Vietnam: When is countervailing xem bóng đá trực tiếp vtv2 on imported goods calculated?

According to the provisions in Article 35 ofCircular 38/2015/TT-BTC, it is stipulated as follows:

Time of calculation of tax, exchange rates for export and import goods

1. The time of calculation of export tax, import tax, safeguard xem bóng đá trực tiếp vtv2, antidumping xem bóng đá trực tiếp vtv2, countervailing xem bóng đá trực tiếp vtv2 (within the effective period of the application decision of the Minister of Industry and Trade) is the date of registration of the customs declaration. Export tax and import tax are calculated based on the tax rate, dutiable value, and exchange rate at the time of calculation.

In case the taxpayer declares and calculates tax on a paper customs declaration before the date of registration of the customs declaration, but the exchange rate is different from the one applied at the time of registration of the customs declaration, the customs authority shall recalculate the payable tax based on the exchange rate applied at the time of registration of the customs declaration.

...

Thus, the time of calculation of countervailing xem bóng đá trực tiếp vtv2 on imported goods (within the effective period of the application decision of the Minister of Industry and Trade) is the date of registration of the customs declaration.

*Note:In cases where the taxpayer declares and calculates tax on a paper customs declaration before the date of registration of the customs declaration, but the exchange rate is different from the one applied at the time of registration, the customs authority shall recalculate the payable tax according to the exchange rate applied at the time of registration.