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Tax alert - 08/03/2022 – Official letter 642/TCHQ-TXNK

Official letter 642/TCHQ-TXNK issued by General department of Customs dated february 25, 2022 guiding on implementation of VAT rates declaration, product’s name determination and HS code application of imported goods which are not eligible for tax reduction according to Decree 15/2022/ND-CP

Recently, the General Department of Customs has received opinions and official letters from businesses requesting guidelines on declaring value-added tax (VAT) rates, determining product’s name and applying HS codes of imported goods which are not eligible for VAT reduction. On February 25, 2022, the General Department of Customs issued Official Letter 642/TCHQ-TXNK to address enterprises’ concerns.

Accordingly, the official letter guides that imported goods which are not eligible for VAT reduction include:

  • Goods with the product’s name stated in column 8 "Product’s name" and a description of the product's content in column 9 "Description" (in case there is no description of the content in column 9, the product’s name mentioned in column 8 shall be applied) of Appendix I, part A of Appendix III; or

  • Goods in column 3 "Goods" of part B Appendix III; or

  • Imported goods subject to excise tax mentioned in Appendix II issued together with Decree 15/2022/ND-CP.

Imported goods mentioned in Appendices I, II, III issued together with Decree 15/2022/ND-CP are not subject to VAT or subject to 5% VAT according to the provisions of the Law on VAT shall comply with the provisions of the Law on VAT.

Should you have any concerns during the process of implementing the regulations, please contact us.

Official letter 642/TCHQ-TXNK
Download PDF • 1.27MB




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