Import to create fixed assets of subjects eligible for investment incentives

Pursuant to Article 14 of Decree No. 134/2016/ND-CP dated September 1, 2016 and amended in Decree No. 18/2021/ND-CP dated March 11, 2021

Goods imported to create fixed assets of subjects eligible for investment incentives are exempt from import tax, including:

- Machinery and equipment; components, details, separate parts, spare parts for synchronous assembly or use with machinery and equipment; Raw materials and supplies used to manufacture machinery and equipment or to manufacture components, details, separate parts, and spare parts of machinery and equipment;

- Specialized means of transport in the technological chain used directly for the project's production activities;

- Construction materials cannot be produced domestically.

In there:

Import tax exemption for the above-mentioned goods applies to both new investment projects and expansion investment projects.

Subjects eligible for investment incentives include: Investment projects in sectors eligible for investment incentives or sectors with special investment incentives as prescribed in Appendix IDecree 118/2015/ND-CP; Investment projects in areas with difficult socio-economic conditions or areas with extremely difficult socio-economic conditions as prescribed in Appendix IIDecree 118/2015/ND-CP 

To be exempt from import tax on this type of goods, enterprises must proceedRegister for the list of tax-free goods expected to be importedbefore registering the first duty-free import declaration.

•- Tax exemption list(according to form No. 13/DKDMMT/TXNK in Appendix III issued herewithCircular 39/2018/TT-BTC) has been received by the customs authority in the case of a paper notification of the Tax Exemption List expected to be imported with a reconciliation monitoring slip that has been received by the customs authority: photocopy, present the original for comparison.
•In case of notification of the Tax Exemption List through the Electronic Data Processing System, the taxpayer does not have to submit the Tax Exemption List, the customs authority uses the Tax Exemption List on the Electronic Data Processing System to carry out tax exemption according to regulations.