Vietnam’s Minister of Finance (MOF) has signed an order voiding mandates in 25 legal documents—including those regulating customs procedures—saying they no longer provided any perceived use to the ministry’s management of state affairs.
Decision No. 1859/QD-BTC lists the 25 legal documents where certain provisions have been negated by MOF for having become superfluous. These provisions are no longer in effect from July 1, 2016, said the agency, according to a report released September 25 by Vietnam Customs News.
On customs procedures in particular, the ministry invalidated orders in a number of legal documents. One of these documents is Decree No. 08/2015/ND-CP, which covered laws encompassing customs procedures and supervision. Also revised included Decision No. 24/2009 /QD-TTg, which covered duty-free goods business operations, and Decision No. 44/2013/QD-TTg that amended certain articles in Decision No. 24.
Also neutralized are Circular No. 38/2015/TT-BTC, which centered on regulating customs procedures and supervision, import and export duties, and tax management for imports and exports; Circular No. 191/2015/TT-BTC that tackled customs procedures for imports and exports and transited goods sent by international express companies; and Circular No. 49/2015/TT-BTC, which was about customs procedures for postal parcels and packages sent by designated post.
These have been replaced by provisions in Decree No. 68/2016/ND-CP pertaining to duty-free goods businesses, warehouses, customs transaction places, consolidation of goods, and customs control.
Besides these, the Ministry of Finance negated a slew of articles in circulars pertaining to the implementation of guidelines encompassing insurance businesses, re-insurance businesses, insurance agents, and international life insurance businesses.
Moreover, the Ministry of Finance abolished Article 6 of Circular No. 117/2012/TT-BTC guiding the performance of tax formalities-related services.
At the same time, in securities, all the amendments to Decree No. 86/2016/DD-CP made by the government regarding securities investment and business conditions were annulled.
Photo: Ryanliang007
