On August 06th, 2024, the General Department of Customs issued Official Letter No. 3747/TCHQ-TXNK, accordingly:
When there are cases of changing the project owner of an investment incentive project as regulated in the Investment Law, including the transfer of tax-exempt assets to a new project, capital contribution, split, merger, or other contents as regulated by law, the old and new project owners are required to prepare and submit to the customs authority the following documents:
– Document and dossier confirming the change of project owner;
– List of tax-exempt and list of imported customs declarations according to the corresponding tax-exempt list;
– Document clearly outlining the transfer of the tax-exempt list (part or all of the project; the time of transfer, and other agreements on rights and obligations related to the project).
The new project owner is responsible for using tax-exempt goods for the project’s intended purposes and reporting on the usage of tax-exempt goods to the customs authorities.
