More detailed instructions needed in tax & customs incentives

These are the newly imported goods of the Hai Dang Electronic Telecom. According to Decree 26 issued by the Ministry of Finance, machines and appliances for fishing boats of over 90 CV are subject to a tax rate of 0 percent. However, this firm couldn’t find any legal documents that list these machines, so they still have to pay the tax rate of 10 percent.

This issue was recently put forward in a forum attended by the Tax Department, Customs Department and local businesses. According to Thành Công textile company, it has not benefited from the customs incentives that took effect 3 months ago (April). Therefore, more detailed documents are needed so that businesses can take full advantage of the government’s support.

Many policies have been issued and revised to provide tax and customs incentives for businesses. However, in order to be implemented effectively, these documents need to come with more detailed instructions