Tolerances applicable to non-originating materials

Tolerances applicable to non-originating materials   1. By way of derogation from paragraph 1 Article 7 and subject to paragraphs 2 and 3, non-originating materials may nevertheless be used, provided that their total value or net weight assessed for the product does not exceed: a) 10 percent of the weight of the product or ex-works price for products of Chapters 2 and 4 to 24 of the HS, other than processed fishery products referred to in Chapter 16 of the HS. b) 10 [...]

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Originating goods

Originating goods   The following goods shall be considered as originating in a Party: 1. Goods wholly obtained in a Party within the meaning of Article 6 hereof. 2. Goods obtained in a Party incorporating materials which have not been wholly obtained there, provided that such materials have undergone sufficient working or processing in the Party concerned within the meaning of Article 7 hereof. Article 6. Wholly obtained goods 1. For the purposes of paragraph 1 Article 5, the following shall be considered as wholly [...]

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Application of risk management in management of tax refund

Application of risk management in management of tax refund   1. The tax authorities shall receive the tax refund dossier, based on the classification of the database system of tax operation information on classification of taxpayers in settlement of tax refund dossier and selection for verification and inspection after tax refund specified in Article 19 of this Circular, they shall apply the appropriate measures in settlement and handling of tax refund dossiers. a) Classification of settlement of tax refund dossiers. – The General [...]

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Closely monitoring taxpayers with signs of violation of tax law

Closely monitoring taxpayers with signs of violation of tax law   1. The taxpayers in the following cases of close monitoring about tax are the taxpayers with the following signs: a) The taxpayers doing transactions through banks have doubtful signs as prescribed by law on prevention and control of money laundry related to the tax evasion and tax fraud. b) The taxpayers or their legal representatives are prosecuted for acts of violation of tax and printed matters of tax. c) The taxpayers with high [...]

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Assessment and rating of taxpayer’s risk level in tax management

Assessment and rating of taxpayer’s risk level in tax management 1. The taxpayers are assessed and rated according to their risk level in tax management, including: a) Level 1: Taxpayers with very low risks; b) Level 2: Taxpayers with low risks; c) Level 3: Taxpayers with average risks; d) Level 4: Taxpayers with high risks; dd) Level 3: Taxpayers with very high risks; e) Level 6: Taxpayers having the operating time of less than 12 months. 2. The tax authorities at all levels shall collect information and [...]

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Temporary exportation procedures

Temporary exportation procedures   1. Customs dossier: a) The ATA carnet issued by VCCI according to the form in Appendix I enclosed herewith; b) The license for temporary exportation of goods and the notice of inspection results as prescribed by law: 01 original. The customs declarant may submit the photocopy if it is required according to specialized regulations or there is no requirement for submission of the original or photocopy; c) The competent authority’s certification of the event prescribed in Clause 7 Article 3 hereof: [...]

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Issue of criteria and indicators for risk management

Issue of criteria and indicators for risk management   1. Based on the reality, the General Department of Taxation shall develop and present the criteria to the Ministry of Finance to assess the tax law and taxpayer’s risk to meet the tax management in each period and in accordance with the current regulations of tax law and state management policies, including: – Criteria for assessment of taxpayer’s compliance with tax law; – Criteria for assessment and rating of taxpayer’s risk level; – Criteria for [...]

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Coordinated exchange of information with competent bodies

Coordinated exchange of information with competent bodies   1. The tax authorities shall exchange and provide information with the competent bodies and units of relevant Ministries and sectors based on the current regulations of law and the Joint Circular between the Ministry of Finance and the relevant Ministries and sector on exchange and provision of information for state management of tax and finance. The tax authorities at all levels may sign the coordination regulations with the competent bodies and units at the [...]

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Management of information about taxpayer’s dossier

Management of information about taxpayer’s dossier   1. The taxpayer’s dossier is the information about the establishment and registration of business, tax, reality of business and production, financial report, tax declaration dossiers, reports on management of printed matters of tax, compliance with tax law and other relevant regulations of law; result of management operation of tax authorities and other information related to the taxpayers. The General Department of Taxation shall develop and centrally manage the information system about taxpayer’s dossier in the [...]

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Application of information technology in risk management

Application of information technology in risk management   1. The database system of tax operation information is centrally managed at the General Department of Taxation to ensure the information as a basis for risk assessment is fully gathered and updated, including: a) General information of the taxpayers; b) Information on tax declaration dossier and grounds for tax calculation; c) Management of risk dossiers in tax registration, declaration, payment, tax debt, tax refund and tax exemption or reduction, creation, printing, issue, management and use of [...]

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