Previously, the National Assembly passed Resolution No. 110/2023/QH15, temporarily reducing value added tax (VAT) by 2% for some groups of goods currently subject to a tax rate of 10% (excluding some products and services) for an additional 6 months (from January 1, 2024 to June 30, 2024). Based on the assessment of the outcome achieved by the 2% VAT reduction solution in Resolution No. 110/2023/QH15, the Government submits to the National Assembly for consideration and permission to continue implementing the 2% VAT reduction policy in the last 6 months of 2024 (from July 1, 2024 to December 31, 2024) Regarding the implementation,...
VMA, CONTROLLING SHIPPING LINE SURCHARGE INCREASES
Regarding the situation where foreign shipping lines are charging many types of fees and surcharges to Vietnamese import-export enterprises, The Vietnam Maritime Administration (VMA) has assigned maritime port authorities and branches authorities to examine freight rates and surcharges of shipping lines, avoiding situations where shipping lines violate competition laws. Previously, the implementation of Circular No. 39 issued by the Ministry of Transport led to a 10% in the charges for loading and unloading services at seaports, causing several shipping lines to raise cargo handling surcharges at ports. In addition, foreign shipping lines are also collecting 10 other types of surcharges, including...
OFFICIAL LETTER FOR TYPE CODE G13-TEMPORARY IMPORT UNDER TAX EXEMPTION
On 6th March 2024, The General Department of Customs has issued Official Letter 927/TCHQ-TXNK related to taxes on goods temporarily imported for re-export for warranty, repair. Based on serial number 19 Type code table and issued instructions for use attached to Decision No. 1357/QĐ-TCHQ dated May 18, 2021 of the Director General of The General Department of Customs, Type code G13-Temporary import under tax exemption for use in case of: Goods temporarily imported for warranty, repair or replacement; Re-imported goods of various types of business export, export of processed products, export of products manufactured for export, export of products of export...
ETIHAD CARGO “SECURETECH” SERVICE, FOR SAFE TRNSPORTATION OF ELECTRONIC CARGO
Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, has launched SecureTech. This new product is the ninth addition to the carrier's suite of premium products and is dedicated to the safe and secure transportation of consumer electronics, including mobile phones, laptops, tablets and other lithium battery-powered devices. Etihad Cargo recently achieved IATA CEIV Li-batt certification, ensuring the carrier's handling of electronics is in accordance with the highest safety and efficiency standards. What is SecureTech? A new product dedicated to the safe and secure transportation of consumer electronics, to meet growing demand driven by new...
THE SITUATION OF EXPLOITING FLIGHTS IN FOGGY CONDITIONS NEAR TET HOLIDAY
In the first days of February, at airports in the Northern, there was fog, low clouds, and reduced visibility below flight operation standards which negatively affected flight operations. Especially in Noi Bai Airport, horizontal visibility has reduced to less than 300m at some time. During the two days of 2nd – 3rd February 2024, at northern airports, there was a phenomenon of dense fog, low cloud, and limited visibility which is directly affecting flight operations. Flights must be taken off at alternate airports or canceled, delayed. From 2 a.m on 2nd February, flights were unable to take off and land at Noi...
SWITZERLAND OFFICIALLY WAIVE IMPORT TAXES OF INDUSTRIAL GOODS
From 1st January 2024, industrial goods are officially waived import taxes when imported to Switzerland from all of the countries over the world. This is an important trade policy, implemented by this country after many years of research and preparation In Switzerland, industrial goods include intermediate inputs to the production process such as raw materials, semi-finished products, machinery and equipment, salt and industrial salt, as well as consumer goods such as automobiles, household appliances, clothes, shoes,... The waiving of import taxes of industrial goods does not change the customs clearance process. Importers still have to declare imports and pay other fees and...