Chapter.3 Export.and.Import.Duties

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

_{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.}

<b>Chapter 3 – </b>

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<b>Outline</b>

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.

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<b>Definition of Export & Import Duties</b>

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;

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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,

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<b>Non-Dutiable Objects</b>



_{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

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<b>Dutiable Objects (Taxpayers)</b>

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,

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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}

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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.

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1 9

Phương

Pháp

Tính Thuế

Đối với hàng NK theo giá CIF:

<b> Thuế NK </b>

<b>phải nộp </b> <b>_{NK theo VND} Giá trị hàng </b>

<b>Thuế suất </b>
<b>thuế NK</b>

<i><b>=</b></i> _X

<b>Thuế XK </b>
<b>phải nộp </b>

<b>VND</b>
<b>SL </b>
<b>hàng </b>
<b>XK thực </b>

<b>tế</b>
<b>Thuế </b>
<b>suất </b>
<b>thuế </b>
<b>XK</b>

<i><b>=</b></i>

<b>Đơn </b>
<b>giá XK</b>

<b>x</b> <b>Tỷ giá </b>

<b>tại VCB</b>

<b>x</b> <b>x</b>

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10

<b>Calculation of E&I Duties</b>

Import goods with CIF:

<b> Imported </b>
<b>tax payable </b>
<b> Imported </b>
<b>goods’ price </b>
<b>in VND</b>
<b>Imported </b>
<b>tax rate</b>
<i><b>=</b></i>
X
<b>Emported </b>

<b>tax payable</b>
<b>Exported </b>
<b>goods’ </b>
<b>quantity</b>
<b>Exported </b>
<b>tax rate</b>

<i><b>=</b></i>

<b>x</b> <b>Exported _price</b>

<b>Exchange </b>
<b>rate at </b>

<b>VCB</b>

<b>x</b> <b>x</b>

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Sự khác biệt giữa CIF & FOB

(on website).

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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}

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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}

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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.

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Accounting for Import Tax

<b>- Ghi nhận thuế NK:</b>

Nợ 156 (Hàng hóa NK)
Có 3333 (Thuế XNK)

<b>- Nộp thuế NK:</b>

Nợ 3333 (Thuế XNK)
Có 112 (TGNH)

<b>- Khấu trừ Thuế GTGT hàng NK:</b>

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Accounting for Export Tax

<b>Ghi nhận thuế XK phải nộp:</b>

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

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

<b>Khi nộp tiền thuế XK vào NSNN:</b>

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

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E&I Duties Calculating Examples

<b>Example 1: Nam Phong Import & Export Company had the following data </b>

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.

<i><b>Requirement: Calculate import and export tax, with assuming that:</b></i>

- 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%.

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E&I Duties Calculating Examples

<b>Example 2: Nam Hai Company imported 20,000 liters </b>

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%)

<i>Requirement: </i>

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<b>END OF CHAPTER</b>

<b>Chapter 3 – </b>

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