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Difficulties and solutions for export enterprises when Circular 39/2018/TT-BTC takes effect

Vietnam Customs Advisory

Difficulties and solutions for export enterprises when Circular 39/2018/TT-BTC takes effect

Category: Vietnam Customs Advisory

Date: 11:26:24 10-08-2018 | 5616 viewed

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Difficulties and solutions for export enterprisesCircular 39/2018/TT-BTCeffective
 
Near the end of the year, businesses are busy preparing for worksettlement reporttaxes, liquidation of processing contracts. Changes in Circular 39/2018/TT-BTC of the Ministry of Finance for different types ofprocessing, production and export(sxxk), requiring businesses to be very careful and thoroughliquidity, year-end tax finalization.
 
There are only 15 days left until the deadline for submitting the final settlement report according to Clauses 1 and 2, Article 60 of Circular 38/2015/TT-BTC and amendments in Circular 39/2018.
If you need processing service:
1. Final settlement report of processed goods, exported production, EPEs.
2. Liquidity of processing contracts
3. Handle factory inspection before doing any type of processing or export production
4. Tax exemption for EPEs under construction before factory inspection and factory inspection 30 days before the EPE area comes into operation.
Please contact Mr Duc:033 8727742
 
In order to clarify the difficulties and solutions for businesses in applying new regulations, the Reporter had an interview with Attorney Dương Minh Hòa of the Ho Chi Minh City Bar Association and also the General Director of Dương Minh International Freight Forwarding Co., Ltd., a unit with many years of experience in the field of Logistics in Vietnam.
 
Dear Mr. Dương Minh Hòa, please let me knowt:Changes of Circular 39/2018/TT-BTCFor old regulations:
 
Mr. Dohng Minh Hoha:The biggest changes in Circular 39/2018/TT-BTC are about the settlement reporting process, which is much more difficult than Circular 38/2015/TT-BTC, for processed goods, export production (sxxk), export processing enterprises (dncx). The liquidation or liquidation of processing contracts for this type must be presented by the enterprisenormreality at the momentsettlement reportyear-end tax.
 
So what difficulties do outsourcing, export production enterprises (sxxk), and export processing enterprises (dncx) often encounter?
Mr. Dương Minh Hòa:In reality, the management processes of businesses are often not strict and specialized. Import-export is styled as import-export, Accounting is styled as Accounting, Production is styled as Production... everyone does their own thing, leading to data discrepancies.
In addition, the norms for each department are different, with differences in norms. NPL codes, Product codes for each stage, each type, can even overlap, leading to redundant declarations. Employees change constantly, and every time they change, data is lost or misplaced.
Besides, we must mention professional capabilities such as: experience in declaring criteria on declarations, importing - exporting wrong type codes, handling scrap, waste products, waste.... Customs declaration software only supports NXT at a basic level, raw material sounds will not be understood, editing raw material codes will also not be understood. Declaring norms with high loss rates but in reality scrap does not exist or cannot be proven.
So what do you think businesses need to do to prepare?Circular 39/2018/TT-BTCeffective?
Mr. Dương Minh Hòa:Enterprises need to clearly understand and update the changes in this new circular, paying special attention to issues such as: Planning to develop strict raw material and finished product codes; Consistent coordination between warehouse, production and accounting departments; Build realistic norms; Handle scrap during production properly; Records are kept thoroughly and scientifically; The supply chain management process needs to be more rigorous and comprehensive.
 
Difficulties and solutions for export businesses when Circular 39/2018/TT-BTC takes effect - Dương Minh logistics

As an enterprise operating for many years in the Logistics industry,Duong Min International Freight Forwarding Company LimitedhWhat preparations have been made to help businesses limit legal risks in implementing new regulations?
 
Mr. Dương Minh Hòa:With many years of experience providing 4PLS Logistics services to many large partners such as H&M, ACV in the import-export industry and customs procedures,Dương Minh LogisticsWe understand the difficulties of processing enterprises, export production (sxxk), export processing enterprises (dncx). Therefore, we have been building two main elements to provide:
 
Firstly, a strong staff team, good at work, good at capacity, highly qualified staff members undergo their own training process before officially working with customers.
 
Second, the transportation system, machinery and equipment and infrastructure are invested in the most optimal way, to promptly meet all requirements that arise during the working process.
 
Difficulties and solutions for export businesses when Circular 39/2018/TT-BTC takes effect - Dương Minh Logistics

As a strong Logistics enterprise that meets the criteria of pioneering Logistics 4PLs in Vietnam, we realize that this big change creates a significant challenge for domestic logistics enterprises. That is why Dương Minh Logistics sees this as an opportunity for us to grasp and develop our services to a new level with thoughtful preparations in advance.
 
Sincerely thank you!
 
Some other new press links for you to read:
New newspaper: https://baomoi.com/nhung-kho-khan-va-giai-phap-cho-doanh-nghiep-xuat-khau-khi-thong-tu-39-2018-tt-btc-co-hieu-luc/c/27233671.epi
Justice newspaper: https://congly.vn/kinh-doanh/doanh-nghiep/nhung-kho-khan-va-giai-phap-cho-doanh-nghiep-xuat-khau-khi-thong-tu-39/2018/tt-btc-co-hieu-luc-263970.html
SGGP Newspaper: http://cn.sggp.org.vn/%E7%B6%93%E6%BF%9F/%E5%87%BA%E5%8F%A3%E4%BC%81%E6%A5%AD%E5%9B%B0%E9%9B%A3%E8%88%87%E6%8E%AA%E6%96%BD-92863.html

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Difficulties and solutions for export enterprises when Circular 39/2018/TT-BTC takes effect | Duong Minh LogisticsDifficulties and solutions for export enterprises when Circular 39/2018/TT-BTC takes effect | Duong Minh LogisticsThe biggest changes in Circular 39/2018/TT-BTC are about the settlement reporting process, which is much more difficult than Circular 38/2015/TT-BTC, for processed goods, export production, and export processing enterprises. For this type of liquidity, the enterprise must present actual norms at the time of the final settlement report.
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