The Ministry of Finance (MOF) is considering amending the regulations regarding on-the-spot (OTS) export and import provided under Article 35.1c of Decree No. 08/2015/ND-CP (“Decree 08“) by abolishing the OTS export-import scheme, so that they will be routed as domestic transactions.
Key takeaways
- The OTS export and import arrangement with a Vietnamese recipient designated by a foreign trader without a presence in Vietnam is proposed to be treated as a domestic sale.
- The proposed amendments would trigger particular legal and tax implications.
Source Baker & McKenzie
