VietNamNet Bridge – The four private airplanes imported by Green Planet may get the customs clearance by the end of November. As the airplanes are expected to be used for training, they may be exempted from all kinds of tax, including VAT.
Green Planet’s Chair Cao Van Son said that the procedures relating to the import of the four private airlines have nearly been completed. The Hai Phong Customs Agency has sent a dispatch to the General Department of Customs (GDC) to consult about how to deal with the unprecedented imports. Meanwhile, GDC has also discussed with the Civil Aviation Authority of Vietnam CAAV and the Ministry of National Defense on the issue.
“As far as I know, the Ministry of National Defense has agreed to allow to import the airplanes. The purpose of Green Planet when importing the airplanes is to use them for the training,” Son said.
“If everything goes smoothly, we will fulfill all necessary procedures to get customs clearance by the end of the month,” he added.
The ex-works price of every imported airplane is 150,000 dollars, nearly the same with the price of a luxury car. However, the price level is still much lower than the price of a Rolls-Royce or Maybach that some Vietnamese businessmen purchased.
However, the price of the airplanes will be much higher if they are imposed luxury tax and VAT.
Under the current regulations, airplane imports bear two kinds of tax, including the luxury tax of 30 percent and the VAT of 10 percent. Both the private airplanes of Doan Nguyen Duc, Chair of Hoang Anh Gia Lai Group, and Tran Dinh Long, Chair of Hoa Phat Group, were imposed these kinds of tax.
Besides, in order to be able to put the airplanes into use, enterprises must have aviation verification certificate, safety certificate and flight permit. It takes several months to fulfill the procedures.
However, according to Son, since all the four airplanes were imported to serve in the national defense education, the company has proposed to enjoy the 30 percent luxury tax and 10 percent VAT exemption, and the import tax as well. Currently, all the aircrafts imported to Vietnam to be used for commercial purpose, such as the ones of Vietnam Airlines and Air Mekong, all enjoy the zero import tariff.
A source from the General Department of Customs said that if Green Planet can prove that it imports the four airplanes for the training purpose, complying with the Vietnamese current regulations, they may be able to enjoy the preferences when getting customs clearance.
The fate of the four imported airplanes of Green Planet has been an issue of the public’s interest, because this is for the first time airplanes arrive by sea. If everything goes smoothly, experts believe more and more airplanes will head their way to Vietnam in the near future.
The four imported private airplanes have been lying at the Hai Phong port for one month, waiting for customs clearance. The tardiness in customs clearance has been explained by the fact that customs agencies need some more time to consult with relevant agencies on how to deal with the case, since there has been no precedent in Vietnam. Besides, the imports are small size airplanes, which never before appeared in Vietnam.
The customs clearance tardiness has put a heavy burden on the importer. Green Planet has estimated that every day, it has to pay 220 dollars per container for every day of keeping the airplanes at the port. The expenses for leasing container are about 7000 dollars, while the company also has to pay other kinds of expenses.
Prior to that, when answering the questions of the press, the representative of Green Planet said that the four import airplanes would be used for many purposes–for training, leasing for personal use, and if there is demand, the airplanes will be sold.
Source: VnExpress
Business & Investment Opportunities
Green Planet’s Chair Cao Van Son said that the procedures relating to the import of the four private airlines have nearly been completed. The Hai Phong Customs Agency has sent a dispatch to the General Department of Customs (GDC) to consult about how to deal with the unprecedented imports. Meanwhile, GDC has also discussed with the Civil Aviation Authority of Vietnam CAAV and the Ministry of National Defense on the issue.
“As far as I know, the Ministry of National Defense has agreed to allow to import the airplanes. The purpose of Green Planet when importing the airplanes is to use them for the training,” Son said.
“If everything goes smoothly, we will fulfill all necessary procedures to get customs clearance by the end of the month,” he added.
The ex-works price of every imported airplane is 150,000 dollars, nearly the same with the price of a luxury car. However, the price level is still much lower than the price of a Rolls-Royce or Maybach that some Vietnamese businessmen purchased.
However, the price of the airplanes will be much higher if they are imposed luxury tax and VAT.
Under the current regulations, airplane imports bear two kinds of tax, including the luxury tax of 30 percent and the VAT of 10 percent. Both the private airplanes of Doan Nguyen Duc, Chair of Hoang Anh Gia Lai Group, and Tran Dinh Long, Chair of Hoa Phat Group, were imposed these kinds of tax.
Besides, in order to be able to put the airplanes into use, enterprises must have aviation verification certificate, safety certificate and flight permit. It takes several months to fulfill the procedures.
However, according to Son, since all the four airplanes were imported to serve in the national defense education, the company has proposed to enjoy the 30 percent luxury tax and 10 percent VAT exemption, and the import tax as well. Currently, all the aircrafts imported to Vietnam to be used for commercial purpose, such as the ones of Vietnam Airlines and Air Mekong, all enjoy the zero import tariff.
A source from the General Department of Customs said that if Green Planet can prove that it imports the four airplanes for the training purpose, complying with the Vietnamese current regulations, they may be able to enjoy the preferences when getting customs clearance.
The fate of the four imported airplanes of Green Planet has been an issue of the public’s interest, because this is for the first time airplanes arrive by sea. If everything goes smoothly, experts believe more and more airplanes will head their way to Vietnam in the near future.
The four imported private airplanes have been lying at the Hai Phong port for one month, waiting for customs clearance. The tardiness in customs clearance has been explained by the fact that customs agencies need some more time to consult with relevant agencies on how to deal with the case, since there has been no precedent in Vietnam. Besides, the imports are small size airplanes, which never before appeared in Vietnam.
The customs clearance tardiness has put a heavy burden on the importer. Green Planet has estimated that every day, it has to pay 220 dollars per container for every day of keeping the airplanes at the port. The expenses for leasing container are about 7000 dollars, while the company also has to pay other kinds of expenses.
Prior to that, when answering the questions of the press, the representative of Green Planet said that the four import airplanes would be used for many purposes–for training, leasing for personal use, and if there is demand, the airplanes will be sold.
Source: VnExpress
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment