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Vietnam: HCM City’s customs department to control taxable prices
HCM City’s customs department has said that it will closely control prices of taxable consumer goods with high import value and high tax rates to manage efficiently the taxable prices of import goods and to avoid loss to State revenue.
The customs offices will hold talks about tax consultation with enterprises on fixing taxable prices because enterprises have often declared low taxable prices while the customs offices have imposed high taxable prices on import goods.
Accordingly, the department has directed its sub-departments to study and implement the finance ministry’s regulations on taxable price management.
The consumer goods include under 9-seat auto, other kinds of autos, motorbikes, bicycles, alcohol, beer, beverages, cosmetics, fabrics, meats, fresh, chilled and frozen seafood, instant food, metal ware, electronics, refrigerators, tablets, mobile phones, vegetables, fruits, confectionery, tiles, sanitary equipment and different types of engines.
Customs offices must update data in the system and propose amendment, addition and building of new reference prices to the General Department of Customs after consultations or inspections following customs clearance. — VNS
Source: http://vietnamnews.vn/economy/350852/hcm-citys-customs-department-to-control-taxable-prices.html#2f9tCzaQd47j2EFk.99