Tuyen Quang Customs effectively implements tax exemption and reduction policies to support businesses

Comrade Khong Manh Cuong, Head of Tuyen Quang Customs Branch, said that in order to effectively implement the policies, the General Department of Customs has issued documents guiding units in the whole industry to implement, and propagate and guide businesses to know and implement. In Tuyen Quang province, there are currently 20 businesses that have procedures through the Customs Branch. The main import and export items are: Chemicals, machinery and equipment, garment accessories, PP packaging, PP canvas, wood products, paper bases, phone headphones, etc. In which, many items are subject to VAT reduction according to Decree No. 72.

Officers of Tuyen Quang Customs Branch inspect import and export goods at the enterprise.

In the first 6 months of 2024, the Department has effectively implemented tax incentives for imported goods according to regulations and collected export and import taxes of 27.5 billion VND; import and export turnover reached about 92.8 million USD. The declaration of VAT on imported goods ensures regulations and is based on the actual imported goods, compared with goods subject to VAT, VAT rates according to the provisions of the Law on VAT, and documents guiding the implementation of the law.

Implementing Decree No. 72, Tuyen Quang Customs Branch has promoted propaganda and guided enterprises to declare on the VNACCS/VCIS system. Specifically, the unit selects code VB225 in the information box "Code for applying tax rate/tax rate and other fees" on the electronic import declaration registered from 0:00 on July 1, 2024 to declare the VAT rate of 8% for goods subject to VAT reduction. Code VB225 does not apply to cases of goods not subject to VAT, subject to VAT subject to VAT rates of 0%, 5% and 10% according to the provisions of the VAT Law 2008.

Officials of Tuyen Quang Customs Branch guide businesses to declare VAT reduction.

Mr. Hoang Minh Son, Director of Human Resources Administration, An Hoa Paper Joint Stock Company, said that the 2% VAT reduction until the end of 2024 will help businesses reduce the capital spent to pay VAT when purchasing raw materials, fuels, materials and other inputs in a capital turnover cycle. As soon as Decree 72 was applied, the Company was guided by relevant sectors on procedures and implementation processes. Customs officers provided direct guidance and during the tax declaration process, if we had any questions, they were always promptly supported by officers via software as well as social networking applications such as: Zalo, email...

Reducing VAT will help reduce production costs and product prices, thereby helping businesses increase their ability to recover and expand production and business. With efforts and flexible solutions, the Customs sector in general and Tuyen Quang Customs Branch will continue to accompany organizations, individuals and businesses.

Source: https://baotuyenquang.com.vn/hai-quan-tuyen-quang-trien-khai-hieu-qua-chinh-sach-mien-giam-thue-ho-tro-doanh-nghiep-194968.html