VCN- The Ministry of Finance has issued Circular No.27/2021/TT-BTC supplementing and amending a number of articles in Circular No. 19/2014/TT-BTC dated November 2, 2014 of the Minister of Finance regulating procedures for temporary import for re-export, destruction and transfer for cars and motorcycles for persons entitled to privileges and immunities in Vietnam.
 | Amending regulation on managing temporary import car of subject enjoying privileges and immunities |
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| Imported cars. Photo: H.P |
Notably, Circular 27 stipulates that temporarily imported cars satisfy the transfer conditions specified in Clause 3, Article 1 of Decision No. 14/2021/QD dated March 26, 2021, shall be subject to tax policies at the time of registration of the new customs declaration to carry out the car transfer procedures.The circular amends a number of provisions on conditions for temporary import, re-export, transfer and destruction for cars and motorcycles; procedures for issuing permits for temporary import of cars and motorcycles; procedures for temporary import of cars and motorcycles; tax procedures and policies for transfer of cars.
Customs valuation for cars changing use purpose shall comply with provisions in Point a, Clause 2, Article 17 of the Ministry’s Circular No. 39/2015 / TT-BTC dated March 25, 2015 of the Minister of Finance.
The absolute and compound tax rates on transferred used cars shall comply with regulations in Appendix III of the Government’s Decree No. 57/2020/ND-CP dated May 25, 2020 amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP dated September 1, 2016 and Decree No.125/2017/ND-CP dated November 16, 2017 amending and supplementing a number of articles of Decree No. 122/2016/ND-CP.
Special Consumption Tax and Valued-added Tax policies on transferred cars shall comply with the laws on Special Consumption Tax and Value-added tax at the time of registration of new customs declarations for carrying out procedures.
By Ngoc Linh/Ngoc Loan