Chapter.3 Export.and.Import.Duties

 In cases where the export or import goods have prices inscribed on the contracts lower than the actual selling prices at the border gates, the tax calculation prices[r]

 Export & Import Tax Law No.107/201/QH13 dated 06/04/2016;

 Circular No.174/2015/TT-BTC dated 10/11/2015;

 Circular 108/2011/TT-BTC dated 28/07/2011;

 Decree No 87/2010/NĐ-CP dated August 13, 2010.

Chapter 3 – Export and Import Duties

1 Definition of Export & Import Duties

2 Roles of Export-import Duties

3 Dutiable & Non-Dutiable Objects

4 Calculating Export & Import Duties

5 Export & Import Duties Exemption

6 Export & Import Duties Reduction

7 Export & Import Duties Refund

8 Accounting for Import Tax

9 E&I Duties Calculating Examples

Definition of Export & Import Duties

Impose in the goods which are allowed to export and import across the border of Vietnam;

Domestic goods enter into the non-tariff-zone and vice versa;

Goods traded, exchanged among the residents at borders.

Roles of Export-import Duties

 This tax is a source of revenue for the state

budget, particularly in developing countries.

 Contribute to the protection and

development of domestic production

 Contribute to reinforce the foreign policy of

State through ordinary tax rates,

preferential tax rate, special preferential tax rates.

Non-Dutiable Objects

 Goods in transit, goods in border-gate transit;

 Humanitarian aid or non-refundable aid goods;

 Goods export from non-tariff- zone to foreign

countries; goods import from abroad into the non-tariff- zone and used only in the non-tariff- zone ; goods transport from one non-tariff-zone to

another non-tariff-zone;

 Petroleum which is used to pay natural resource tax to State when exported.

Dutiable Objects (Taxpayers)

Organizations and individuals that have export or import goods subject to tax include:

- Owners of export and import goods.

- Organization which accept mandated export &

import.

- Individuals who have export or import goods,

sending or receiving goods through national border gates.

Tax base for calculating export &

import duties

 The quantity of each item on the “export and

import declarations paper”.

 Taxable price.

 Tax rate of the item at the point of declaration

and is specified in the export & import tariff.

Tax base for calculating export &

import duties

 For export goods: It is the selling price at the export

border gate, under the contract

 For imported goods: It is the purchase price at the import

border gate, including freight and insurance (CIF: Cost – Insurance – Feight) under the contract

 In cases where the export or import goods have prices

inscribed on the contracts lower than the actual selling prices at the border gates, the tax calculation prices shall

be determined by State

 Use the selling rate exchange of VCB to determine the

taxable price

1 9

Phương Pháp Tính Thuế

Đối với hàng NK theo giá CIF:

Thuế NK

phải nộp NK theo VND Giá trị hàng

Thuế suất thuế NK

Thuế XK

phải nộp

VND

SL hàng

XK thực tế

Thuế suất thuế XK

= Đơn

giá XK

tại VCB

Đối với hàng XK theo giá FOB:

Calculation of E&I Duties

Import goods with CIF:

Imported

tax payable

Imported

goods’ price

in VND

Imported tax rate

=

X

Emported

tax payable

Exported goods’

quantity

Exported

tax rate

= x Exported price

Exchange rate at VCB

Export goods with FOB:

Sự khác biệt giữa CIF & FOB

(on website).

Bài đọc thêm

Tax Exemption

For foreign organizations and individuals (Law

107/2016 / QH13, Article 16)

 Import and export goods are entitled to preferential treatment;

 Moving property, gifts, trading, exchange

cross-border on the List and in permitted quotas.

 Goods which have a tax payable below the

minimum requirement.

 Goods which are not for commercial purposes as photographs, films, models-replacing-samples;

advertising publications with small quantity.

Tax Reduction

 E&I goods which are being inspected by the

customs office in case of damage or loss

certified by the authorize agency shall be

eligible for tax reduction.

 The tax reduction corresponding to the actual

loss of the goods In cases where export or import goods are damaged or loss in full, tax shall not be applied.

Tax Refund

Reimbursement of E&I tax for subjects who have already paid tax but:

- Do not export or import goods anymore, or the amount

of goods export or import actually with corresponding

with tax payable is less the amount of tax already paid.

- Exporting goods, but must be re-imported, or importing must be re-exported.

- Goods which are materials imported to produce

exported goods and already exported.

- Goods temporarily imported for re-export or vice versa.

Accounting for Import Tax

- Ghi nhận thuế NK:

Nợ 156 (Hàng hóa NK)

Có 3333 (Thuế XNK)

- Nộp thuế NK:

Nợ 3333 (Thuế XNK)

Có 112 (TGNH)

- Khấu trừ Thuế GTGT hàng NK:

Nợ 1331 (Thuế GTGT mua hàng nội địa)

Có 33312 (Thuế GTGT hàng NK)

Accounting for Export Tax

Ghi nhận thuế XK phải nộp:

Nợ TK 511 - Doanh thu bán hàng và cung cấp dịch vụ

Có TK 3333 - Thuế xuất, nhập khẩu (Chi tiết thuế xuất khẩu).

Khi nộp tiền thuế XK vào NSNN:

Nợ TK 3333 - Thuế xuất, nhập khẩu (Chi tiết thuế xuất khẩu)

Có các TK 111, 112, .

E&I Duties Calculating Examples

Example 1: Nam Phong Import & Export Company had the following data

on import and export activities as follows:

1 Directly exporting 10,000 units of product A under the FOB price of

USD 5/unit.

2 Accepting entrusted export of 20,000 units of product B for Phuong

Nam company, the total export value by FOB price was 40,000 USD.

3 Directly importing 1,000 uints of product C with CIF price of USD 4/unit.

4 Directly importing 3,000 units of product D with FOB price of 3

USD/unit.

5 Sending entrusted import of 2,000 units of product E to Hai Trieu

Company with total CIF price of USD 50,000.

Requirement: Calculate import and export tax, with assuming that:

- International transportation & insurance charge for the above-import and export transactions was VND 1,000/unit.

- Exchange rates: 20,000 VND/USD.

- Export tax rate: Product A = 1%; B = 2%.

- Import tax rate: Produc C = 10%; D = 20%; E = 5%.

E&I Duties Calculating Examples

Example 2: Nam Hai Company imported 20,000 liters

of raw liquor with a CIF price of 50,000VND/liter,

import tax rate of 50% Later, the Company took

15,000 liters of raw liquor out of the warehouse to

produce 30,000 bottles of wine.

Then:

- Sold 12,000 bottles to Hai Yen Company with the

price without VAT of 150,000 VND/bottle.

- Sold 15,000 bottles to non-tariff-zone with FOB price

of 200,000 VND/bottle (Export tax rate is 15%)

Requirement:

Calculating the export tax and import tax payable?

END OF CHAPTER

Chapter 3 –

Export & Import Duties