Page 12 - VSIP E-Newsletter Q_1_2012

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VSIP Binh Duong:
Tel: 84-650-3743 898
Fax: 84-650-3743 430
VSIP Bac Ninh:
Tel: 84-241-3765 668
Fax 84-241-3765 666
The Leading Township & Industrial Park Developer in Vietnam
VSIP Hai Phong:
Tel: 84-31-3959 868
Fax: 84-31-3959 886
VSIP Quang Ngai:
Tel: 84-650-3743 898
Fax: 84-650-3743 430
Law No. 57/2010/QH12 on Environment Protection Tax (“EPT”) promulgated on 15 November 2010 takes
effect from 1 January 2012.
Notable points of the Law, Decree 67/2011/ND-CP dated 08 August 2011 and Circular 152/2011/TTBTC dated
11 November 2011 providing detailed guidelines for the implementation of the Law are summarized as follows.
Scope of application
EPT is imposed on goods whose use is considerred to negatively impact on the environment. This comprises:
Petrol, oil, grease;
Hydrochlorofluorocarbons (HCFCs);
Nylon bags;
Some limited usage chemicals (e.g. pesticides).
Goods falling into the following categories will be exempt from EPT:
Goods in transit, goods transported via border-gates or borders of Vietnam;
Goods temporarily imported or re-exported; and
Exported goods, excluding trading goods which are only purchased for exporting.
Taxpayers are organisations, households or individuals producing and importing goods subject to EPT.
Specific cases are regulated as follows:
For importing goods under consignment: Consigning agents are responsible for paying EPT.
For processing goods: Persons providing processing services and distributing goods to the
Vietnamese market is responsible for paying EPT. However, where the processor does not distribute the goods,
EPT will be paid by the processing assigner when the goods are exported or sold in Vietnam.
Legal Updates