What is trực tiếp bóng đá k+ duty-free allowance on gifts given for humanitarian in Vietnam?
What is trực tiếp bóng đá k+ duty-free allowance ongifts given for humanitarian in Vietnam?
Based on Clause 2, Article 8 ofDecree 134/2016/ND-CPas amended by Clause 3, Article 1 ofDecree 18/2021/ND-CP, trực tiếp bóng đá k+ duty-free allowance for gifts and donations are regulated as follows:
Tax Exemption for Gifts and Donations
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- Duty-free allowance:
a) Gifts, donations from foreign organizations or individuals to Vietnamese organizations or individuals; gifts, donations from Vietnamese organizations or individuals to foreign organizations or individuals with a customs value not exceeding VND 2,000,000 or with a customs value over VND 2,000,000 but trực tiếp bóng đá k+ total payable tax amount is less than VND 200,000 are exempt from tax no more than 4 times per year.
b) For gifts, donations from foreign organizations or individuals to Vietnamese agencies and organizations whose operating expenses are guaranteed by trực tiếp bóng đá k+ state budget according to trực tiếp bóng đá k+ law on trực tiếp bóng đá k+ budget and are permitted by a competent authority to receive, or gifts for humanitarian or charitable purposes, trực tiếp bóng đá k+ full value of trực tiếp bóng đá k+ gifts and donations is exempt from tax no more than 4 times per year.
In cases where trực tiếp bóng đá k+ tax exemption limit is exceeded for agencies and organizations with state-budget-guaranteed operating expenses, trực tiếp bóng đá k+ Ministry of Finance shall decide on tax exemption for each case.
c) Gifts, donations from foreign organizations or individuals to Vietnamese individuals consisting of medicines or medical equipment for patients with serious illnesses listed in Appendix IV of this Decree with a customs value not exceeding VND 10,000,000 are exempt from tax no more than 4 times per year.
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Thus, trực tiếp bóng đá k+ tax exemption limit on import-export for gifts intended for humanitarian purposes is trực tiếp bóng đá k+ full value of trực tiếp bóng đá k+ gift and no more than 4 times per year.
What is trực tiếp bóng đá k+ duty-free allowanceongifts given for humanitarian in Vietnam? (Image from trực tiếp bóng đá k+ Internet)
Vietnam: What does trực tiếp bóng đá k+ application for duty exemption of gifts given for humanitarian include?
Based on Clause 3, Article 8 ofDecree 134/2016/ND-CPas amended by Point a, Point d, Clause 20, Article 1 and Point a, Clause 2, Article 2 ofDecree 18/2021/ND-CP, trực tiếp bóng đá k+ documents for tax exemption related to gifts given for humanitarian include:
- Customs documents as regulated by customs law.
- 01 copy of trực tiếp bóng đá k+ gift agreement in trực tiếp bóng đá k+ case where trực tiếp bóng đá k+ gift recipient is an organization.
- 01 original document from trực tiếp bóng đá k+ superior governing body regarding permission to receive tax-free goods.
- 01 original document proving trực tiếp bóng đá k+ organization is state-funded for operational expenses concerning gifts to state-budget-assured organizations.
- 01 original document from trực tiếp bóng đá k+ Chairman of trực tiếp bóng đá k+ People's Committee of provinces, cities, or ministries and central authorities in charge, regarding gifts for humanitarian purposes.
What areprocedures for duty exemption while following customs proceduresin Vietnam?
Based on Clause 3, Article 31 ofDecree 134/2016/ND-CPas amended by Clause 14, Article 1 ofDecree 18/2021/ND-CP, trực tiếp bóng đá k+ procedures for import-export tax exemption are defined as follows:
- Step 1:trực tiếp bóng đá k+ taxpayer independently determines, declares goods, and tax amounts for exemption (except for declaring tax amounts on exported, imported goods for processing as supplied by trực tiếp bóng đá k+ processing party) on trực tiếp bóng đá k+ customs declaration during customs procedures.
- Step 2:
+ trực tiếp bóng đá k+ customs office where customs procedures take place bases on tax exemption documents, cross-checking with current regulations to implement tax exemption accordingly.
+ If imported goods are determined not to be eligible for tax exemption as declared, tax collection and violation fines (if any) shall be enforced as per regulations.
- Step 3:
+ trực tiếp bóng đá k+ electronic data processing system automatically deducts trực tiếp bóng đá k+ quantity of exported, imported goods corresponding to trực tiếp bóng đá k+ quantity in trực tiếp bóng đá k+ tax exemption list.
+ In trực tiếp bóng đá k+ case of paper-based tax exemption notification, trực tiếp bóng đá k+ customs office updates and deducts trực tiếp bóng đá k+ exported, imported quantity corresponding to trực tiếp bóng đá k+ goods in trực tiếp bóng đá k+ tax exemption list.
+ For tax-exempt imports in assembly or production lines:
++ Taxpayers must complete customs procedures at trực tiếp bóng đá k+ customs office where trực tiếp bóng đá k+ machinery and equipment are installed and provide detailed declarations of trực tiếp bóng đá k+ goods.
++ If detailed declarations cannot be made, trực tiếp bóng đá k+ taxpayer prepares a detailed list of imported goods according to information criteria in Form 04 Appendix VIIa attached toDecree 18/2021/ND-CPthrough trực tiếp bóng đá k+ electronic data processing system or as per Form 15 Appendix VII attached toDecree 18/2021/ND-CPand attach trực tiếp bóng đá k+ customs declaration.
++ Within 15 days from trực tiếp bóng đá k+ date of completion of trực tiếp bóng đá k+ final import shipment for each assemblage or production line, trực tiếp bóng đá k+ taxpayer is responsible for notifying trực tiếp bóng đá k+ customs office about trực tiếp bóng đá k+ tax exemption notification as per trực tiếp bóng đá k+ information criteria in Form 05 Appendix VIIa attached toDecree 18/2021/ND-CPthrough trực tiếp bóng đá k+ electronic data processing system or as per Form 16 Appendix VII attached toDecree 18/2021/ND-CP.
