Tax Exemption Basis for Export Processed Goods

Duy Thinh

11:07, 11/07/2024

The General Department of Customs has just issued Official Dispatch 4787/TCHQ-TXNK regarding the resolution of a series of issues in Decree 59/2018/ND-CP and Circular 39/2018/TT-BTC. Notably, there are clarifications on tax exemption for processed goods for export.

To be specific: one of the bases for determining tax exemption for processed export goods is that organizations and individuals producing goods must have facilities for producing export goods within the territory of Vietnam; and have ownership and use rights to machinery suitable for imported materials and supplies.

Based on the above regulations, in the case where an enterprise engages in the importation for export production via outsourcing, meeting Clause 48 Article 1 of Circular 39 and receives the finished product to export directly, it does not fall under the scope of import tax exemption.

For further clarifications, please refer to Official Dispatch 4787/TCHQ-TXNK issued on August 15, 2018.

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