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blue-check Regarding conditions on import duty incentive for accessories imported for manufacturing automobile supporting industrial products

Official letter No. 466/TCHQ-TXNK dated February 15th, 2022 of the General Department of Vietnam Customs regarding issues relating to implementation of the tax incentive Program for automobile parts
Posted: 18/2/2022 11:25:39 AM | Latest updated: 23/2/2022 8:08:29 AM (GMT+7) | LuatVietnam: 5396 | Vietlaw: 549
VietlawOnline

According to point c clause 2 Article 1 of Decree No. 57/2020/ND-CPstatus2 , supplies and accessories imported for manufacturing, assembling automobile supporting industrial products shall not be entitled to the import duty incentive if the products are merely assembled with simple details, such as screws, bolts, nuts, rivets, and do not undergo any manufacturing or processing stage.

According to opinions of the General Department of Vietnam Customs, in case automobile supporting industrial products that both undergo manufacturing or processing stage and are merely assembled with simple details meet the criteria at point c1 clause 2 Article 1 of Decree No. 57/2020/ND-CPstatus2 and the imported supplies and accessories are not domestically manufactured, they are still entitled to the tax incentive.

Regarding automobile supporting industrial products, refer to the List at section IV of the Annex enclosed with Decree No. 111/2015/ND-CP .

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 549
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