Wednesday, September 26 2018


Tax-exempt construction materials

Update: February, 15/2012 - 11:18

The Ministry of Finance issued Circular No 11/2012/TT-BTC on February 4 guiding tax exemptions applicable for construction materials which are taken from the domestic market to tax-free zones for construction, repair or maintenance of technical infrastructure or common infrastructure in the tax-free zone. Such construction materials must be registered with customs authorities. The declarer shall be the investor in the infrastructure in the tax-free zone. In case the investor does not directly export tax-exempt goods but a primary contractor or sub-contractor does, the contractor shall use the list of tax-free exporting goods registered by the investor for the registration of tax-free goods declared with customs authorities.

This circular takes effect on March 20. — BIZCONSULT LAW FIRM

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