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TAXATION Chapter 3 Export and Import Duties REFERENCES • Law on export and import duties No 107/2016/QH13 dated 06 April 2016, effective from September 01, 2016 • Decree 134/2016/ND CP dated 01 Septem[.]
TAXATION Chapter 3: Export and Import Duties REFERENCES • Law on export and import duties No.107/2016/QH13 dated 06 April 2016, effective from September 01, 2016 • Decree 134/2016/ND-CP dated 01 September 2016, effective from September 01, 2016 • Circular 38/2015/TT-BTC dated 25 March 2015, effective from April 01, 2015 • Circular 39/2015/TT-BTC dated 25 March 2015, effective from April 01, 2015 LEARNING OBJECTIVES • LO 3-1: Explain concept, characteristics and role of export and import duties (EID) • LO 3-2: Identify goods to incur export and import duties and goods not to incur export and import duties • LO 3-3: Recognize taxpayers of Vietnamese export and import duties • LO 3-4: Define tax calculation methods, taxable price and tax rate of Vietnamese export and import duties • LO 3-5: Understand exemption, reduction and refund of Vietnamese export and import duties INTRODUCTION OF EXPORT IMPORT DUTIES LO 3-1: Explain concept, characteristics and role of EID • EID is an indirect tax, levied on goods permitted to cross-border trade by countries or groups of countries, formed and associated with operation of international trade • Characteristics: ✓ A less stable tax; ✓ Having a direct impact on the prices of imported and exported goods, causing negatively affect on the prices of domestic goods or services, which can destabilize the economy ✓ Having a significant impact on a country's international trade and economic growth INTRODUCTION OF EXPORT IMPORT DUTIES (CONT.) • Roles: ➢ A source of revenue for the state budget, particularly in developing countries ➢ Establishment of tariff barriers to protect domestic goods ➢ Contribute to the control and regulation of imports to improve balance of trade and goods supply and demand TAXABLE OBJECTS LO 3-2: Identify goods to incur EID and goods not to incur EID Goods exported and imported through Vietnam’s border and checkpoints Free trade zone means an economic Goods exported from the domestic market into zone located within Vietnam’s territory, established in accordance free trade zones; goods imported from free with law, having a definite geographic boundary, and separated trade zones into the domestic market from the outer area by hard fences Goods indirectly exported-imported; goods in order to facilitate customs inspection and customs control by exported and imported by enterprises exercising the customs authority and relevant agencies with regard to exports and their right to export, import, or distribute imports, inbound and outbound and passengers; the trading Goods of an export processing enterprise which vehicles relationship between the free trade exercises its rights to export, import or zone and the outside area is consider exportation and importation distribution NON-TAXABLE OBJECTS Goods in transit Goods that are humanitarian aid or grant aid Goods exported from a free trade zone to abroad; goods imported from abroad to a free trade zone and used within such free trade zone; goods transported from one free trade zone to another Goods as amounts of petroleum used to pay royalties for the State when exporting TAXPAYERS LO 3-3: Recognize taxpayers of export and import duties in Vietnam Owners of exports and imports Entrusted exporters and importers Individuals carrying exports or imports when entering and leaving Vietnam, sending or receiving goods through Vietnam’s border and border checkpoints Taxpayers’ guarantors and other entities authorized to pay tax on behalf of taxpayers, including: ✓ Customs brokerage agents in case authorized by the taxpayer to pay export and import duties; ✓ Providers of postal services or international express mail services paying tax on behalf of taxpayers; ✓ Credit institutions or other organizations that provide guarantee or pay tax on behalf of taxpayers; QUICK CHECK FUSEN Company located in Linh Trung processing zones specializes to produce clothes Its activities are as follows: - Imported materials abroad to produce clothes - Exported these clothes to foreign countries thereafter Are materials and clothes subject to export and import duties? Tan Phu Company authorizes to Binh Tan Corporation to import a passenger car What is the taxable object? Who is subject to pay import tax? TAX BASES AND TAX CALCULATION METHODS EID calculation methods Goods subject to an ad valorem duty Goods subject to a specific duty EID bases LO 3-4: Define tax calculation methods, taxable value and tax rate of Vietnamese export and import duties • Export Quantity Taxable value Tax rate ... concept, characteristics and role of export and import duties (EID) • LO 3- 2: Identify goods to incur export and import duties and goods not to incur export and import duties • LO 3- 3: Recognize taxpayers... Vietnamese export and import duties • LO 3- 4: Define tax calculation methods, taxable price and tax rate of Vietnamese export and import duties • LO 3- 5: Understand exemption, reduction and refund... Recognize taxpayers of export and import duties in Vietnam Owners of exports and imports Entrusted exporters and importers Individuals carrying exports or imports when entering and leaving Vietnam,