This is the content prescribed at the Circular No. 195/2015/TT-BTC dated November 24, 2015 of the Ministry of Finance guiding the Decree No. 108/2015/ND-CP dated October 28, 2015 of the Government guiding a number of Articles of the Law on Special Excise Duty and the Law on amending the Law on Special Excise Duty.

Besides the regulations that ambulances, prisoner transport vehicles, hearses; vehicles for inspection and control of radio frequencies; armored mobile adjustable ramp systems; mobile video production vehicles; vehicles designed to carry both seated and standing passengers and capable of carrying 24 people or more, cars running within amusement parks and sport centers and exempt from registration and banned from public roads, other specialized vehicles, vehicles exempt from registration, and vehicles banned from public roads, importers of cars running within an amusement park or sports center not subject to SET… the goods not subjected to SET includes goods directly exported by the manufacturer or processor, including goods sold to or processed for export processing companies; humanitarian aid and grant aid, including imported goods funded by grant aid approved by a competent authority; humanitarian aid and emergency assistance for recovery from wars, natural disasters, epidemics; gifts of overseas entities for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations, the people’s armed forces; air conditioners of 90,000 BTU or lower and designed to be installed on vehicles only, including cars, railway carriages, ships, boats, airplanes..

Also in accordance with this Circular, a taxpayer that manufactures goods subject to SET from materials subject to SET may deduct the paid SET on the quantity of materials imported or purchased from another domestic manufacturer that is used for manufacturing goods from the SET payable. SET that remains after deduction shall be carried forward to the next period. For bio-fuel, the amount of deductible SET in the period depends on the amount of paid SET on a unit of material purchased in the previous period for manufacturing of bio-fuel.

This Circular takes effect on January 01, 2016.

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