Exemption from import tax on unprocessed agricultural products invested in Cambodia
From December 31, 2012, a number of unprocessed agricultural products supported by Vietnamese enterprises, business households and individuals to invest in and grow in Cambodian provinces bordering Vietnam, and imported as raw materials to produce goods in Vietnam are exempt from import tax and are not subject to value added tax.
The above content is specified in Circular201/2012/TT-BTCnewly issued by the Ministry of Finance.
Specifically, tax-exempt agricultural products include: Vegetables and some types of tubers, tubers, edible roots such as potatoes, tomatoes, cabbage, cauliflower, kohlrabi, kale...; edible fruits and nuts; citrus peels or melons; coffee, tea; cereals such as corn, rice, sorghum...
The Ministry of Finance clearly stated the list of 10 provinces bordering Vietnam-Cambodia to apply the above policy, including:
Cases of only purchasing products or investing in provinces of Cambodia that do not border Vietnam are not subject to this Circular.
In case enterprises, business households, and individuals import goods that have been exempted from import tax, if they are found to be not subject to import tax exemption, they will be subject to additional collection and penalties according to the provisions of law.
According to (Chinhphu.vn) - LC
