Illustrative image (Source: Cafef.vn)HCM City (VNA) – HoChi Minh City’s tax and customs officials have held a dialogue with overseasVietnamese (OV) businesses in the city to help them tackle obstacles and difficulties.
At the dialogue, jointly heldby the city’s Committee for OV and the Trade and Investment Promotion Centre onDecember 8, many businesses raised questions on tax declaration procedures andtax policies applied for specific business areas, the process of import andexport, and entry policy for OV entrepreneurs.
A representative from DEVIcompany said that his company was asked to pay taxes for additional components thatare missed from the previous consignments with taxes already paid.
Dinh Ngoc Thang, deputy headof the Ho Chi Minh City’sDepartment of Taxation, said that the tax payment request is legal and aims to reducefrauds in import-export activities.
He suggested that the companyreport the missing parts of the consignment immediately to customs agency for support.
Replying to a question on themaximum amount of cash that OV businesses can keep while entering and exiting Vietnam, Le Tuan Binh, deputy head of the Tan SonNhat Airport Customs Sub-Department, a person can take with them a maximum of 15million VND or 5,000 USD in cash when leaving Vietnam.
People are requested to showlegal documents from banks if they wish to bring any extra amount, he said,adding that they must inform customs officials if bringing more than 15 millionVND or 5,000 USD in cash when entering the country. Binh affirmed that the cashdeclaration takes no fee.
Speaking at the event, NguyenHong Hue, Vice President of the Overseas Vietnamese Business Association,lauded the organisation of the dialogue, saying it shows HCM Cityauthorities’ willingness to address difficulties for OV businesses.
Tax and customs procedures of Vietnamhave been improved significantly over the past decade, creating favourableconditions for Vietnamese businesses abroad to return to the homeland forinvestment.
Meanwhile, Nguyen TruongNhan, Vice Chairman of the Ho Chi Minh City Committee for OV, said that thenumber of OV businesses returning to Vietnamand Ho Chi Minh Cityin particular has increased recently.
The dialogue is one of the mosteffective channels to remove difficulties for businesses, through whichauthorised agencies can hear opinions of the business community for timely policyadjustments, he said.-VNA
At the dialogue, jointly heldby the city’s Committee for OV and the Trade and Investment Promotion Centre onDecember 8, many businesses raised questions on tax declaration procedures andtax policies applied for specific business areas, the process of import andexport, and entry policy for OV entrepreneurs.
A representative from DEVIcompany said that his company was asked to pay taxes for additional components thatare missed from the previous consignments with taxes already paid.
Dinh Ngoc Thang, deputy headof the Ho Chi Minh City’sDepartment of Taxation, said that the tax payment request is legal and aims to reducefrauds in import-export activities.
He suggested that the companyreport the missing parts of the consignment immediately to customs agency for support.
Replying to a question on themaximum amount of cash that OV businesses can keep while entering and exiting Vietnam, Le Tuan Binh, deputy head of the Tan SonNhat Airport Customs Sub-Department, a person can take with them a maximum of 15million VND or 5,000 USD in cash when leaving Vietnam.
People are requested to showlegal documents from banks if they wish to bring any extra amount, he said,adding that they must inform customs officials if bringing more than 15 millionVND or 5,000 USD in cash when entering the country. Binh affirmed that the cashdeclaration takes no fee.
Speaking at the event, NguyenHong Hue, Vice President of the Overseas Vietnamese Business Association,lauded the organisation of the dialogue, saying it shows HCM Cityauthorities’ willingness to address difficulties for OV businesses.
Tax and customs procedures of Vietnamhave been improved significantly over the past decade, creating favourableconditions for Vietnamese businesses abroad to return to the homeland forinvestment.
Meanwhile, Nguyen TruongNhan, Vice Chairman of the Ho Chi Minh City Committee for OV, said that thenumber of OV businesses returning to Vietnamand Ho Chi Minh Cityin particular has increased recently.
The dialogue is one of the mosteffective channels to remove difficulties for businesses, through whichauthorised agencies can hear opinions of the business community for timely policyadjustments, he said.-VNA
VNA
