One of the noticeable amendments of this Decree is to allow enterprises to use “alternative financial plan” in order to prove that they have minimum financial source (equivalent to SDR 80,000) when they apply for an international multimodal transport business license (Clause 2 Article 1).
The international multimodal transport business license shall be issued by the Ministry of Transport.
In addition, duration for grant of the international multimodal transport business license is reduced from 7 working days to 5 working days or 3 working days (for the case of re-grant) (Clause 3 Article 1).
This Decree takes effect from the date of promulgation. To abolish Chapter 3 of Decree No. 87/2009/ND-CP dated October 19th, 2009 and Decree No. 89/2011/ND-CP dated October 10th, 2011.
In which enterprise income tax shall apply the percentage of 2% upon revenue and value added tax shall the percentage of 3% of revenue (except for the case of eligibility to apply 0% VAT thanks to satisfaction of international transport conditions).
- With regard to the offshore transport freight collected on behalf of the foreign shipping firm, the company shall temporarily pay quarterly (without submission of the declaration) and make tax accounting on the yearly basis.
- With regard to other charges, the company shall declare whenever they are incurred or declare monthly according to the guidelines in Circular No. 156/2013/TT-BTC).
Accordingly, in case a company imports mini containers in the form of temporary import for re-export, it shall not pay VAT.
However, if the company imports mini containers then sells them to customers in Vietnam for export abroad (it is not the form of temporary import for re-export), it shall not be exempt from VAT. Upon the importation, the company has to pay 10% VAT.