6 October 2021
On 20 September 2021, the General Department of Customs issued Official Letter No. 4528/TCHQ-TNXK to guide on tax policies for importing goods for processing but no manufacturing or processing facilities. The content of the guidance are as follows:
-
Goods imported for processing export products are exempt from import tax.
-
Before carrying out the import procedures for the first shipment of raw materials and supplies to process and produce exported goods, the organization/individual shall notify the manufacturing facility to the customs authority.
-
In case an organization/individual does not have a manufacturing or processing facility, which results in not being able to notify the customs authority, it is considered as having not met the conditions for determining tax-exempt goods.
For further information, please contact:
