GUIDANCE ON THE TIME LIMIT OF TAX PAYMENT FOR IMPORTS AND EXPORTS
The Ministry of Finance promulgates the Circular No. 06/2021/TT-BTC on guiding the implementation of a number of articles of the Law on Tax Administration dated June 13, 2019 on tax administration of exported and imported goods on January 22, 2021.
According to this Circular, taxpayers must temporarily pay tax according to the declared code before goods are released for goods subject to analysis and assessment in order to accurately determine the payable tax amount. If the result of analysis and assessment of goods is different from the taxpayer’s declaration resulting in an increase in the payable tax amount, the time limit for paying the tax due is 05 working days from the date the taxpayer receives a request for additional declaration from the customs agency.
Time limit for tax payment for cases where official prices are not available at the time of customs declaration registration shall be as follows: The taxpayer must temporarily pay tax at the declared price before the goods are cleared or released; In case the official price is available, the taxpayer must make an additional declaration and pay the additional tax amount within 05 working days from the time the official price is available.
Additionally, the time limit for remittance into the state budget for the case of collecting tax in cash in remote areas, islands, or difficult to travel areas as specified in Clause 4, Article 56 of the Law on Tax Administration is 03 working days according to regulations.
The Circular takes effect on March 08, 2021.