This circular specifies the tax exemption limit for goods used as gifts or presents imported into Vietnam by foreign organizations or individuals participating in trade fairs or exhibitions but not re-exported.
Scope of application
Foreign organizations and individuals are permitted to temporarily import goods for participation in trade fairs, exhibitions, or as samples for advertising; General Department of Customs and Advertising and Trade Fair Company
Key points
- Goods used as souvenirs or gifts for visitors at trade fairs with a value of less than 5 USD per item and a total value of the imported consignment not exceeding 3000 USD are exempt from tax (This provision).
- Individual pieces or single items of equipment used as samples for production research or advertising by domestic economic organizations, regardless of their value, are also exempt from tax.
- The authority to grant tax exemptions is carried out in accordance with the guidance provided in Circular No. 172/1998/TT-BTC
🌐 Social impact of this document
- To facilitate foreign organizations and individuals in importing goods as gifts or presents when participating in trade fairs or advertising.
- To create opportunities for Vietnamese enterprises to access new technology through free samples from abroad.
❓ Frequently asked questions
Which goods are exempt from tax?
Goods used as souvenirs or gifts with a value of less than 5 USD per item and a total value of the imported consignment not exceeding 3000 USD; individual pieces or single items of equipment used as samples for production research or advertising.
Who has the authority to grant tax exemptions?
Implemented in accordance with the guidance provided in Circular No. 172/1998/TT-BTC
Full text
LETTER
OF THE GENERAL DEPARTMENT OF TAXATION - MINISTRY OF FINANCE NUMBER 12453 TC/TCT
DATE December 24, 2001 REGARDING DETERMINATION OF EXEMPTION AMOUNTS
FOR GIFTS AND PRESENTS
Dear: - General Department of Customs
- Advertising and Trade Fair Company
In response to the letter No. 5428/TCHQ/KTTT dated November 30, 2001 from the General Department of Customs and the letter No. 2016 QCHC/TKTB dated December 4, 2001 from the Advertising and Trade Fair Company regarding the criteria for tax exemption on gifts and presents, the Ministry of Finance provides its opinion as follows:
Based on the Law amending and supplementing certain provisions of the Law on Export Duties and Import Duties; Decree No. 94/1998/NĐ-CP dated November 17, 1998 of the Government; Point 4, Section II, Part D Circular No. 172/1998/TT/BTC dated December 22, 1998 of the Ministry of Finance; Circular No. 28 TC/TCT dated July 17, 1992 of the Ministry of Finance stipulating exemption amounts for export duties and import duties and management regulations for goods imported or exported as gifts or presents: For goods of foreign organizations and individuals temporarily allowed to bring into Vietnam for trade fairs or exhibitions or imported for sample purposes or advertising but not re-exported, used instead as gifts or presents for Vietnamese organizations and individuals, the following cases shall be considered for tax exemption:
- Goods used as souvenirs or gifts for visitors at trade fairs or exhibitions with a value of up to 5 USD per item and a total import value of no more than 3000 USD.
- Individual pieces of equipment, regardless of their value, which the donor gives to domestic economic organizations for research and production samples or advertising purposes.
Regarding authority to grant tax exemptions: follow the guidelines provided in Circular No. 172/1998/TT/BTC mentioned above.
The Ministry of Finance replies this letter for the General Department of Customs and the Advertising and Trade Fair Company to be informed and implemented accordingly.
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: