IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 11 Jun 2013 | Removal date: open ended
Still in force

Tax-based export incentive

On 11 June 2013, Vietnam allowed enterprises that import duty-exempted raw materials to produce export goods to adjust the consumption rate of such raw materials even after exportation of the finished goods.
 
Enterprises are required to register with the customs authority and submit the expected consumption rate of the imported raw materials before processing them. Earlier, in case the actual consumption rate was lower than the expected, the enterprises were required to pay import duty on the unused material and also interest charges applied. The current measure allows enterprises to adjust their registered consumption rate after exportation provided certain conditions are fulfilled, thereby avoiding the additional duty payments.
 
 

AFFECTED COUNTRIES

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