Tridge summary
The article highlights a dispute between import businesses and the Ho Chi Minh City Customs office over the application of import taxes on agricultural seeds. The Customs office has been incorrectly imposing a 10-15% import tax on seeds like watermelon, pumpkin, melon pears, melon seeds, sunflower seeds, and coriander seeds since 2019, despite these items being eligible for a 0% tax rate under the Law on Export Tax, Import Tax. This dispute arose due to a misclassification of these seeds under the wrong HS code, leading to confusion and concerns about market stability. Businesses have appealed to the Vietnam Plant Seed Trade Association and the General Department of Customs, providing evidence of the correct commodity codes and seeking correction of the tax rates. The General Department of Customs has responded by explaining that the incorrect taxation was due to a misunderstanding of the nature of the seeds and has promised to review and correct the issue.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Should have enjoyed a preferential tax rate of 0%, from 2018, the Customs office will require businesses to pay 10-15% of import tax. F1 hybrid melon seeds imported from Taiwan, Thailand. Under the provisions of the Law on Export Tax, Import Tax, vegetable seed items (as well as other types of seeds of agricultural plants which cannot be produced at home) are entitled to the preferential tax rate of 0%. However, from 2018 Customs in Ho Chi Minh City will be required to pay import duties of 10-15%. Particularly, watermelon seeds are subject to tax arrears from 2015 to 2018 and are required to apply a new tax rate of 10% from 2019. The customs office in Ho Chi Minh City also applies the import tax rate of 10% for goods. pumpkin seeds, melon pears, melon seeds, sunflower seeds from 2019 and a 15% import tax on coriander seeds (coriander) from January 2020. “Customs imposition in Ho Chi Minh City Ho Chi Minh City makes companies confused, worried and extremely embarrassed in paying ...
Source: Vietnambiz
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