On January 21, 2015, the Government issued the Decree No. 08/2015/ND-CP detailing, and providing measures to implement, the Customs Law regarding customs procedures and customs inspection, supervision and control and takes effect on March 15, 2015; within that one of the important content is the relaxation on conditions for the enterprises to enjoy the priority regime.
From March 15, enterprises need to satisfy only 4 conditions on internal control system; observance of the accounting and audit laws; observance of the customs and tax laws and import or export values. In particular, an enterprise shall implement and maintain a system and process for managing, monitoring and controlling actual operations in its entire import or export supply chain. Within 2 consecutive years up to the time an enterprise submits a written request for being recognized as a prioritized enterprise, the enterprise has not committed any of the following violations of the tax and customs laws to an extent for tax evasion; tax fraud; smuggling and illegal cross-border transportation of goods and administrative violations committed in a form and subject to a fine level beyond the competence of Customs Branch heads and holders of equivalent titles.
For import or export values, import or export enterprises shall record a value of USD 100 million per year; enterprises that export made-in-Vietnam products shall record a value of USD 40 million per year; enterprises that export agricultural and aquatic products produced or cultivated in Vietnam shall record a value of USD 30 million per year; for customs procedure agents, the number of customs declaration forms to be filled out under customs procedures in a year must reach 20,000.
Besides, the Decree also prescribes the aper customs declaration is permitted for imported or exported goods of border residents; imported or exported goods in excess of duty-free limits applicable to persons on entry or exit; goods used for emergency relief and humanitarian aid; being personal gifts or effects; Rotationally used containers of goods according to the mode of temporary import for re-export or temporary export for re-import; goods temporarily imported for re-export or temporarily exported for re-import which are carried along by persons on entry or exit for their work in a certain period of time…
This Decree takes effect on March 15, 2015.
Source: http://luatvietnam.vn/
