Decree No. 134/2016/NĐ-CP provides detailed guidance on Export and Import duty.
Global Tax Update:November 2016/Vietnam
The Government has just issued Decree No. 134/2016/NĐ-CP (“Decree 134”) providing detailed guidance on a number of articles of Law No. 107/2016/QH13 on Export and Import duty. This decree replaces Decree No. 87/2010/NĐ-CP and takes effect from 1 September 2016. (Global Tax Update: November 2016/Vietnam)
Basically, Decree 134 provides guidance on issues related to import duty exemption, deduction and refund. Below are some notable instructions in Decree 134:
(1) Tax liability on goods imported for export production
(2) Import duty exemption of goods imported to form fixed assets of incentive investment projects