Vietnam: Shall trực tiếp bóng đá k+ customs clearance be granted without paying duties on exports and imports?

Vietnam: Shall trực tiếp bóng đá k+ customs clearance be granted without paying duties on exports and imports?

Pursuant to Article 9 of trực tiếp bóng đá k+Export-Import Tax Law 2016which stipulates trực tiếp bóng đá k+ tax payment deadlines for exports and imports as follows:

Tax Payment Deadline

1. Exports and imports subject to tax must pay taxes before customs clearance or release of goods as regulated by trực tiếp bóng đá k+ Customs Law, except as provided in Clause 2 of this Article.

In cases where trực tiếp bóng đá k+ tax payment is guaranteed by a credit institution, trực tiếp bóng đá k+ goods can be cleared or released, but late payment interest must be paid in accordance with trực tiếp bóng đá k+ Tax Administration Law from trực tiếp bóng đá k+ date of clearance or release until trực tiếp bóng đá k+ tax is paid. trực tiếp bóng đá k+ maximum guarantee period is 30 days from trực tiếp bóng đá k+ date of customs declaration registration.

In cases where trực tiếp bóng đá k+ tax payment is guaranteed by a credit institution but trực tiếp bóng đá k+ taxpayer fails to pay trực tiếp bóng đá k+ tax and late payment interest by trực tiếp bóng đá k+ end of trực tiếp bóng đá k+ guarantee period, trực tiếp bóng đá k+ guaranteeing institution shall be responsible for paying trực tiếp bóng đá k+ full tax and late payment interest on behalf of trực tiếp bóng đá k+ taxpayer.

2. Taxpayers granted preferential policies under trực tiếp bóng đá k+ Customs Law shall pay taxes for customs declarations of cleared or released goods within trực tiếp bóng đá k+ month no later than trực tiếp bóng đá k+ 10th day of trực tiếp bóng đá k+ following month. If trực tiếp bóng đá k+ tax is not paid by trực tiếp bóng đá k+ deadline, trực tiếp bóng đá k+ taxpayer must pay trực tiếp bóng đá k+ full tax debt and late payment interest in accordance with trực tiếp bóng đá k+ Tax Administration Law.

Additionally, according to Article 37 of trực tiếp bóng đá k+Customs Law 2014, customs clearance of exports and imports is stipulated as follows:

Customs Clearance of Goods

1. Goods are cleared after completing customs procedures.

2. If trực tiếp bóng đá k+ customs declarer has completed customs procedures but has not paid or underpaid trực tiếp bóng đá k+ tax due within trực tiếp bóng đá k+ prescribed period, trực tiếp bóng đá k+ goods will be cleared if a credit institution guarantees trực tiếp bóng đá k+ tax payment or if trực tiếp bóng đá k+ tax payment deadline is applied as per trực tiếp bóng đá k+ tax law.

3. If trực tiếp bóng đá k+ cargo owner is subject to a monetary administrative penalty for customs violations and trực tiếp bóng đá k+ goods are allowed to be exported or imported, trực tiếp bóng đá k+ goods can be cleared upon payment of trực tiếp bóng đá k+ fine or if a credit institution guarantees trực tiếp bóng đá k+ amount payable to enforce trực tiếp bóng đá k+ penalty decision by customs or other competent authorities.

4. For goods requiring inspection, analysis, and evaluation to determine export-import conditions, customs clearance only occurs after confirming export-import eligibility based on inspection, analysis, and evaluation results or notifications of exemption from inspection by specialized inspection authorities in accordance with trực tiếp bóng đá k+ law.

5. Urgent goods; specialized goods for security, defense; diplomatic and consular bags; luggage of privileged and immunized agencies, organizations, and individuals shall be cleared in accordance with Articles 50 and 57 of this Law.

Thus, exports and imports subject to taxes that are unpaid cannot be cleared (trực tiếp bóng đá k+ tax payment must be completed before clearance).

Except in cases where a credit institution guarantees trực tiếp bóng đá k+ tax amount, but trực tiếp bóng đá k+ obligation must still be fulfilled within trực tiếp bóng đá k+ maximum guarantee period of 30 days from trực tiếp bóng đá k+ date of customs declaration registration.

Vietnam: Shall trực tiếp bóng đá k+ customs clearance be granted without paying duties on exports and imports?(Image from trực tiếp bóng đá k+ Internet)

What are regulations on handling oflate tax payment for exports and importsin Vietnam?

Based on Point c, Clause 3, Article 47 ofCircular 38/2015/TT-BTCwhich stipulates:

Order of Payment for Taxes, Late Payment Interests, and Fines

...

3. trực tiếp bóng đá k+ State Treasury and customs authorities coordinate to exchange information on tax payments, late payment interests, and fines to determine and follow trực tiếp bóng đá k+ correct payment order. Specifically:

...

c) If taxpayers pay taxes, late payment interests, and fines not in trực tiếp bóng đá k+ prescribed order, customs authorities shall issue an adjustment order for trực tiếp bóng đá k+ collected taxes and send it to trực tiếp bóng đá k+ State Treasury for adjustment. Concurrently, notify trực tiếp bóng đá k+ taxpayer about trực tiếp bóng đá k+ adjusted amounts of taxes, late payment interests, and fines; or require trực tiếp bóng đá k+ taxpayer to pay any remaining taxes, late payment interests, and fines according to trực tiếp bóng đá k+ correct payment order. Export-import goods in new customs declarations can only be cleared when there are no overdue unpaid taxes, late payment interests, and fines;

Thus, if trực tiếp bóng đá k+ taxpayer for exports and imports is late in paying taxes, customs authorities handle it by issuing an adjustment order for trực tiếp bóng đá k+ collected taxes, sending it to trực tiếp bóng đá k+ State Treasury for adjustment, and notifying trực tiếp bóng đá k+ taxpayer of trực tiếp bóng đá k+ adjusted amounts of taxes, late payment interests, and fines.

Alternatively, customs authorities may require trực tiếp bóng đá k+ taxpayer to pay all outstanding taxes, late payment interests, and fines in trực tiếp bóng đá k+ correct order.

How to prepare customs documents for taxable exports and imports in Vietnam?

Pursuant to Clause 1, Article 24 of trực tiếp bóng đá k+Customs Law 2014which stipulates customs documents requirements as follows:

[1]Customs declaration or documents substituting for trực tiếp bóng đá k+ customs declaration;

[2]Relevant documents.

- Depending on trực tiếp bóng đá k+ case, trực tiếp bóng đá k+ customs declarer may have to submit or present trực tiếp bóng đá k+ purchase contract, commercial invoice, transportation documents, certificate of origin, export/import license, notification of specialized inspection results or exemption, and other documents related to trực tiếp bóng đá k+ goods as required by relevant laws.

- Documents in trực tiếp bóng đá k+ customs dossier can be paper documents or electronic documents. Electronic documents must ensure integrity and format as regulated by trực tiếp bóng đá k+ law on electronic transactions.

- Customs dossiers are submitted and presented to customs authorities at trực tiếp bóng đá k+ designated customs office.

In cases where trực tiếp bóng đá k+ national single-window mechanism is applied, specialized state management agencies send export/import licenses, and notification of specialized inspection results or exemptions in electronic form via trực tiếp bóng đá k+ integrated information system.

- trực tiếp bóng đá k+ Minister of Finance prescribes trực tiếp bóng đá k+ customs declaration form, trực tiếp bóng đá k+ use of customs declarations and documents substituting for customs declarations, and trực tiếp bóng đá k+ cases requiring trực tiếp bóng đá k+ submission or presentation of relevant documents [1] and [2].