Consider a Separate Preferential Customs Regime for Semiconductor and High-Tech Enterprises
Currently, many countries in the region and around the world have policies to attract foreign and domestic investment resources to develop the semiconductor industry, of which trade facilitation policies and preferential customs procedures are part of it.
Accordingly, in Draft 1 of the Law amending many Laws, including the Customs Law, the Ministry of Finance proposed to amend and supplement Article 42 of the Customs Law on conditions for preferential regimes in the direction of adding regulations on conditions for applying preferential regimes for semiconductor and high-tech enterprises in the direction of not applying preferential conditions.
At the same time, it is recommended to amend and supplement Article 43 of the Customs Law on preferential regimes for semiconductor and high-tech enterprises in the direction of preferential regimes being applied to exported and imported goods related to the semiconductor and high-tech industries according to the list.
This list is issued by the Minister of Science and Technology and has a code consistent with the code in the List of Vietnam’s export and import goods. According to the law on customs and tax management, the preferential regime that enterprises enjoy includes: exemption from customs dossier inspection, exemption from actual inspection of goods during customs procedures, carrying out customs procedures with incomplete declarations, exemption from post-clearance inspection at customs headquarters, pre-inspection tax refund, etc.
