On 05/10/2018, the Ministry of Finance issued Circular No. 93/2018/TT-BTC amending and supplementing some articles of Circular No. 19/2014/TT-BTC dated 11/02/2014 regulating the procedures for temporary import, re-export, destruction and transfer of automobiles and motorbikes of subjects enjoying privileges and immunities in Vietnam. This Circular takes effect on November 20, 2018.
Accordingly, Circular No. 93/2018 / TT-BTC amending the regulations on temporary import, re-export, transfer and destruction of vehicles; The procedures for granting temporary import permits for automobiles and motorcycles; The procedures for temporary import of automobiles and motorcycles; Procedures for re-export of automobiles and motorbikes; The procedure and policy of vehicle transfer tax.
In which, related agencies for the dropped, 93/2018/TT-BTC rule for the default tax Properties for the shifted for the switch value is tax value, tax, and the price at transposition time.
The time of transfer shall comply with the provisions of Clause 2, Article 1 of Decision No. 10/2018/QD-TTg. The tax calculation value shall comply with the provisions at Point a, Clause 2, Article 17 of Circular No. 39/2015/TT-BTC providing for customs valuation of imports and exports.
Special consumption tax and value-added tax applicable to transfer cars shall comply with the special consumption tax and value-added tax law at the time of car transfer.
With regard to the procedures for the transfer of cars between subjects entitled to privileges and immunities in Vietnam, the circular stipulates that the subjects of assignment of vehicles shall carry out the procedures for granting of transfer papers; Subjects of receipt of transfer vehicles shall carry out the procedures for granting of temporary import permits (except for requests for payment of bills of lading or other transport documents of equivalent value).
Subjects enjoying privileges and immunities in Vietnam shall base themselves on vehicle transfer papers and temporary import permits for carrying out vehicle transfer procedures. The customs office of the province or city where the transferee of the vehicle is assigned shall base on the temporary import permit and the import goods declaration upon the completion of the vehicle transfer procedures for subsequent monitoring and management.
Thus, it can be seen that Circular No. 93/2018/TT-BTC has detailed and specific regulations on tax policy for transfer vehicles, thereby contributing to improving efficiency, quality management as well as creating conditions for individuals and organizations to implement quickly and accurately the provisions of the tax law in these transfer activities.