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Ho Chi Minh City Customs Department proposed that the Ministry of Finance advise the Government to apply a reduction in the Value Added Tax (VAT) rate by 2% for all groups of goods and services currently subject to the 10% VAT rate, to be uniform at the stages of import, production and consumption.   According to Ho Chi Minh Customs Department, during the implementation of the Decree on VAT reduction, a number of difficulties and problems arose related to identifying and distinguishing goods and services that are not eligible for VAT reduction from goods that are subject to VAT reduction. In order to...

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...

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...

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...

Early morning on 23rd February 2024, the first container ship of ZIM arrived at Cai Lan International Container Port, Ha Long City, Quang Ninh Province. The launching of this route allows the fastest connection of goods to USA market, from Northern Vietnam to the West Coast of the United States taking only about 16 days. The ship named SEASPAN KOBE, 269.8 meters long, 5.9523 DWT tonnage (capacity to carry about 5,000 containers), docked at Cai Lan International Container Port bringing about 800 empty containers to prepare to receive goods on the next trip and loaded on the ship about 100 containers...

To facilitate FDI enterprises in using the Tax Exemption List, Customs sub-department of investment goods management - Ho Chi Minh City Customs Department provided detailed instructions for businesses as following: According to the provisions of Clause 15, Article 1 of Decree No. 18/2021/ND-CP, amending and supplementing Article 30 of Decree No. 134/2016/ND-CP regulating the responsibilities of the using of tax-free goods and notification of the using of tax-free goods on the Tax Exemption List, annually, within 90 days from the end of the financial year, enterprises are responsible for reporting the situation of the using of tax-free goods in the financial...