On March 6, 2024, the General Department of Customs issued Official Dispatch No. 919/ TCHQ-TNXK on value added tax (VAT) reduction Decree No. 94/2023/ND-CP dated December 28, 2023 of the Government. Regarding this issue, the General Department of Customs has the following opinion:
Pursuant to Section IV, Part B, Appendix III, Decree No. 94/2023/ND-CP dated December 28, 2023 of the Government, in case the goods are specialized electronic equipment, they are not eligible for tax reduction VAT, the tax rate is 10%. HS codes in column (4) Part B Appendix III are for reference only. Determination of HS codes for actual imported goods is carried out in accordance with regulations on goods classification in the Customs Law and legal documents guiding the implementation of the Customs Law.
Read more >> Tax policy for asset liquidation activities of Representative Offices
