What are 3 steps to recognize a tax-suspension warehouse in Vietnam? How often must trực tiếp bóng đá euro hôm nay owner notify the Customs Department managing trực tiếp bóng đá euro hôm nay?

What is trực tiếp bóng đá euro hôm nay purpose of a tax-suspension warehouse in Vietnam?

Based on Clause 9 Article 4 of trực tiếp bóng đá euro hôm nayLaw on Customs 2014, trực tiếp bóng đá euro hôm nay regulation is as follows:

Terminology Explanation

In this Law, trực tiếp bóng đá euro hôm nay following terms are understood as follows:

...

9. A tax-suspension warehouse is a warehouse used to store imported raw materials and supplies that have been cleared through customs but for which taxes have not yet been paid, to manufacture export goods by the owner of trực tiếp bóng đá euro hôm nay.

...

Thus,a tax-suspension warehouse is used to store imported raw materials and supplies that have been cleared through customs but for which taxes have not yet been paid.

Where must a tax-suspension warehouse be established in Vietnam?

According to Clause 2 Article 62 of trực tiếp bóng đá euro hôm nayLaw on Customs 2014, trực tiếp bóng đá euro hôm nay regulation is as follows:

Conditions for establishing a tax-suspension warehouse, bonded facility, and consolidation hub

1. A tax-suspension warehouse, consolidation hub can be established in areas with trực tiếp bóng đá euro hôm nay following features:

a) Seaports, international civil airports, export and import goods ports established inland, land border gates, international railway stations;

b) Industrial zones, high-tech zones, non-tariff zones, and other areas as stipulated by law.

2. A tax-suspension warehouse is established within trực tiếp bóng đá euro hôm nay factory area of enterprises manufacturing export goods.

3. trực tiếp bóng đá euro hôm nay General Director of trực tiếp bóng đá euro hôm nay General Department of Customs decides on trực tiếp bóng đá euro hôm nay establishment, extension of operational times, temporary suspension, and termination of trực tiếp bóng đá euro hôm nay operation of tax-suspension warehouses, bonded facilities, or consolidation hubs.

4. trực tiếp bóng đá euro hôm nay Government of Vietnam stipulates in detail trực tiếp bóng đá euro hôm nay establishment and operation of tax-suspension warehouses, bonded facilities, and consolidation hubs.

A tax-suspension warehouse is established within trực tiếp bóng đá euro hôm nay factory area of enterprises manufacturing export goods.

What are 3 steps to recognize a tax-suspension warehouse in Vietnam? How often must trực tiếp bóng đá euro hôm nay owner notify the Customs Department managing trực tiếp bóng đá euro hôm nay? (Image from the Internet)

What are 3 steps to recognize a tax-suspension warehouse in Vietnam?

Export goods manufacturing enterprises with an export turnover of 40 million USD or more can have a tax-suspension warehouse recognized under conditions as per Clause 2 Article 16 ofDecree 68/2016/ND-CP, which are as follows:

- Have an accounting system and information technology applications that meet trực tiếp bóng đá euro hôm nay standards of state management agencies for tracking and managing goods imported, exported, stored, and remaining in stock;

- Located within the facility area of the enterprise, separated from areas containing non-bonded raw materials and supplies, and equipped with a camera surveillance system meeting data exchange standards with the customs agency to monitor goods entering and leaving trực tiếp bóng đá euro hôm nay.

- Have been exporting for at least 2 consecutive years without violating customs and tax laws;

- Comply with accounting and statistical laws;

- Conduct bank payments as prescribed by law.

In addition, trực tiếp bóng đá euro hôm nay procedure for recognizing a tax-suspension warehouse is followed as prescribed in Article 18 ofDecree 68/2016/ND-CPas follows:

Step 1.trực tiếp bóng đá euro hôm nay enterprise submits trực tiếp bóng đá euro hôm nay application dossier directly, via post, or through trực tiếp bóng đá euro hôm nay electronic information reception system of trực tiếp bóng đá euro hôm nay customs agency to trực tiếp bóng đá euro hôm nay General Department of Customs.

Application dossier for recognizing a tax-suspension warehouse

- A written request for recognition of a tax-suspension warehouse according to Form No. 01 in trực tiếp bóng đá euro hôm nay Appendix issued together withDecree 68/2016/ND-CP: 01 original copy. (Download)

- Warehouse design diagram: 01 copy.

Step 2.Within 10 working days from trực tiếp bóng đá euro hôm nay date of full receipt of trực tiếp bóng đá euro hôm nay enterprise's dossier, trực tiếp bóng đá euro hôm nay General Department of Customs completes trực tiếp bóng đá euro hôm nay dossier and actual warehouse inspection. After trực tiếp bóng đá euro hôm nay inspection, trực tiếp bóng đá euro hôm nay customs agency and trực tiếp bóng đá euro hôm nay enterprise sign a record of inspection results.

Step 3.Within 5 working days from trực tiếp bóng đá euro hôm nay date of completion of trực tiếp bóng đá euro hôm nay dossier and actual warehouse inspection, trực tiếp bóng đá euro hôm nay General Director of trực tiếp bóng đá euro hôm nay General Department of Customs issues a decision to recognize a tax-suspension warehouse or provides a written response to trực tiếp bóng đá euro hôm nay enterprise if trực tiếp bóng đá euro hôm nay conditions are not met according to regulations.

If trực tiếp bóng đá euro hôm nay dossier is not complete, within 5 working days from trực tiếp bóng đá euro hôm nay date of receipt of trực tiếp bóng đá euro hôm nay enterprise's dossier, trực tiếp bóng đá euro hôm nay General Department of Customs issues a notification requesting trực tiếp bóng đá euro hôm nay enterprise to supplement trực tiếp bóng đá euro hôm nay dossier.

If more than 30 working days pass from trực tiếp bóng đá euro hôm nay notification date without a written response from trực tiếp bóng đá euro hôm nay enterprise, trực tiếp bóng đá euro hôm nay General Department of Customs has trực tiếp bóng đá euro hôm nay authority to cancel trực tiếp bóng đá euro hôm nay dossier.

How often must trực tiếp bóng đá euro hôm nay owner notify the Customs Department managing trực tiếp bóng đá euro hôm nay in Vietnam?

According to clauses 2 and 4 Article 63 of trực tiếp bóng đá euro hôm nayLaw on Customs 2014, trực tiếp bóng đá euro hôm nay owner has the following rights and obligations:

- Store goods as imported materials and supplies for trực tiếp bóng đá euro hôm nay production of export goods;

- Rearrange, repack, and move goods within trực tiếp bóng đá euro hôm nay warehouse;

- Notify the customs agency in advance about the anticipated plan to bring materials and supplies from trực tiếp bóng đá euro hôm nay into production;

- Periodically every 3 months, notify in writing to the Customs Department managing trực tiếp bóng đá euro hôm nay about the status of goods and the operation of trực tiếp bóng đá euro hôm nay;

- No later than January 31 every year, compile a summary of import customs declarations and the quantity of raw materials and supplies introduced into trực tiếp bóng đá euro hôm nay, and a summary of export customs declarations and the quantity of goods exported in the preceding year to the Customs Department managing trực tiếp bóng đá euro hôm nay.

- trực tiếp bóng đá euro hôm nay owner is responsible for implementing accounting and statistical policies, equipping technical means, managing goods by electronic methods, and networking with the customs agency to carry out customs inspection and monitoring according to the Law on Customs.

Thus,one of the obligations of trực tiếp bóng đá euro hôm nay owner is to notify in writing to the Customs Department managing trực tiếp bóng đá euro hôm nay about the status of goods and the operation of trực tiếp bóng đá euro hôm nay every 3 months.