Guidance on the Reduction of Value-Added Tax (VAT) for Lamp Component Parts Under Decree No. 94/2023/ND-CP

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On June 7, 2024, the General Department of Customs issued Official Letter No. 2621/TCHQ-TXNK providing guidance on the reduction of value-added tax (VAT) for lamp component parts under Decree No. 94/2023/ND-CP dated December 28, 2023, of the Government. The General Department of Customs provided the following opinions on this matter:

Pursuant to customs law and tax administration law, customs declarations are responsible for accurately, honestly, and fully declaring taxes and are legally accountable for the accuracy, honesty, and completeness of the tax documentation.

Based on Section VI, Part B of Appendix III of Decree No. 94/2023/ND-CP, goods classified as parts and components of hardware and electronics (including parts and components of hardware and electronic products groups listed from Section I to Section V of Part B of this Appendix; semiconductor devices, electronic tubes, electronic circuits, and cables; capacitors; resistors; inductors; light-emitting diodes (LEDs); semiconductor devices; printed circuits; integrated circuits; copper cables, optical cables; and other types) are not eligible for VAT reduction. The HS codes in column (10) of Appendix I, column (10) of Part A, and column (4) of Part B of Appendix III are for reference only. The determination of HS codes for actual imported goods shall be carried out in accordance with the classification regulations stipulated in the Customs Law and the guiding legal documents.


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