Official Letter No. 79/TCHQ-TXNK 2025 on Value-Added Tax (VAT)

MINISTRY OF FINANCE GENERAL DEPARTMENT OF CUSTOMS -------	SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ---------------
No. 79/TCHQ-TXNK Regarding Value-Added Tax (VAT)	Hanoi, January 7, 2025

 

To:PWG INTERNATIONAL VIETNAM CO., LTD.

(81 Hoang Sa Street, Da Kao Ward, District 1, Ho Chi Minh City)

The General Department of Customs has received Official Letter No. PĐ-01/PWG-HQ dated January 2, 2025, from PWG INTERNATIONAL VIETNAM CO., LTD., requesting guidance regarding goods subject to VAT reduction under Decree No. 72/2024/ND-CP dated June 30, 2024, of the Government. Regarding this matter, the General Department of Customs provides the following opinion:

Based on Section III, Part B, Annex III of Decree No. 72/2024/ND-CP dated June 30, 2024, which regulates VAT reduction policy in accordance with Resolution No. 142/2024/QH15 dated June 29, 2024, of the National Assembly, effective from July 1, 2024, to December 31, 2024, if the goods mentioned in Official Letter No. PĐ-01/PWG-HQ are identified as household electronic devices, they are not subject to VAT reduction and are instead subject to the standard VAT rate of 10%.

The HS code in column (10) of Annex I, column (10) of Part A, and column (4) of Part B of Annex III is for reference only. The determination of the HS code for actual imported goods shall follow the provisions on classification of goods under the Customs Law and the guiding legal documents.

If there are any issues related to identifying whether imported goods are household electronic devices for VAT declaration, the company is advised to contact the Ministry of Information and Communications for further guidance.

The company is advised to review the provisions in the above-mentioned legal documents for implementation and to directly contact the customs authority where the import procedures are conducted for detailed instructions.

The General Department of Customs responds for PWG INTERNATIONAL VIETNAM CO., LTD.'s reference.

 

Recipients: As above; Deputy Director General Ao Anh Tuan (for reporting); File: VT, TXNK (3b).

ON BEHALF OF THE DIRECTOR GENERAL OF THE GENERAL DEPARTMENT OF CUSTOMS DEPUTY DIRECTOR GENERAL Đang Son Tung

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