Tax exemption procedures for the import of machinery and equipment

ANT Lawyers – A new regulation on Vietnam import tax for machinery and equipment has been issued by the Vietnam Ministry of Finance in the official letter No. 7444/BTC-TCHQ.  The official letter guides the procedures for handling of import duties related to financial leasing companies that import machinery, equipment and means of transport for investment … Read More

Circular 12/2013/TT-BTC of the Ministry of Finance on the reduction of steel import tax

Circular 12/2013/TT-BTC of the Ministry of Finance on the reduction of steel import tax From March 7th 2013, the preferential import duty for steel will be reduced from 5% to 3%. Accordingly, the steel that will be reduced on tax must be the non-alloy steel wire HS code 7217.10.39, regulated in the preferential import tariff in … Read More

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