Decision No. 100/2008/QD-BTC adjusts the preferential import tax rate for liquefied gas items, applicable to importing enterprises. Notably, it increases the tax rate from 5% to 1% for certain types of liquefied gas.
Key points
- Enterprises importing liquefied gas in liquid form: Are subject to the new tax rate of 0-5%, depending on the product type
- Enterprises importing liquefied gas in gaseous form: Are subject to the new tax rate of 1%
- The specific tax rates for each type of liquefied gas have been detailed in the tariff
🌐 Social impact of this document
- Positive impact: Reduces the tax burden on some enterprises importing liquefied gas in gaseous form
- Negative impact: Increases costs for enterprises importing liquefied gas in liquid form
❓ Frequently asked questions
What is the preferential import tax rate for liquefied natural gas?
The preferential import tax rate for liquefied natural gas is 5%.
Which enterprises are affected by this decision?
Enterprises importing liquefied gas, particularly those importing liquefied natural gas and natural gas in gaseous form.
When does this decision take effect?
This decision takes effect fifteen days after its publication in the Official Gazette.
What is the preferential import tax rate for liquefied butane?
The preferential import tax rate for liquefied butane is 5%.
To which goods does this decision apply?
This decision applies only to liquefied gas items, including both liquid and gaseous forms.
Full text
|
MINISTRY OF FINANCE -------- Number: 100/2008/QD-BTC |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ------------------------------------ Hanoi, November 10, 2008 |
Pursuant to …;
Regarding the adjustment of preferential import tax rates for liquefied gas items in the Preferential Import Tariff Schedule
-------------------
THE MINISTER OF FINANCE
Pursuant to the Law on Export Tax and Import Tax No. 45/2005/QH11 dated June 14, 2005;
Pursuant to Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly regarding the issuance of the Export Tariff Schedule according to the list of taxable commodity groups and tax rate brackets for each group, and the Preferential Import Tariff Schedule according to the list of taxable commodity groups and preferential tax rate brackets for each group;
Pursuant to Decree No. 149/2005/ND-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax;
Pursuant to Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the Department of Tax Policy,
DECISION:
Article 1. Adjust the preferential import tax rate for liquefied gas items in the Preferential Import Tariff Schedule issued together with Decision No. 106/2007/QD-BTC dated December 20, 2007 of the Minister of Finance to the new preferential import tax rate as follows:
|
Code Number |
Description of Goods |
Tax Rate (%) |
|||
|
2711 |
|
|
Petroleum gases and other hydrocarbon gases |
|
|
|
|
|
|
- Liquid form: |
|
|
|
2711 |
11 |
00 |
00 |
- - Natural gas |
5 |
|
2711 |
12 |
00 |
00 |
- - Propane |
5 |
|
2711 |
13 |
00 |
00 |
- - Butane |
5 |
|
2711 |
14 |
|
- - Ethylene, propylene, butylene, and butadiene: |
|
|
|
2711 |
14 |
10 |
00 |
- - - Ethylene |
5 |
|
2711 |
14 |
90 |
00 |
- - Of chickens of the species Gallus domesticus |
5 |
|
2711 |
19 |
00 |
00 |
- Paddy: |
5 |
|
|
|
|
- Gaseous form: |
|
|
|
2711 |
21 |
00 |
00 |
- - Natural gas |
1 |
|
2711 |
29 |
00 |
00 |
- Paddy: |
1 |
Article 2. This Decision shall take effect fifteen days from the date of publication in the Official Gazette and shall apply to customs declarations for imported goods registered with customs authorities from the date this Decision takes effect./.
|
Place of Receipt: - Prime Minister and Deputy Prime Ministers; - Central Party Committee Office and various Party Committees; - National Assembly Office, President's Office; - Supreme People's Procuracy, Supreme People's Court; - Ministries, agencies equivalent to ministries, and government agencies; - Official Gazette; - Department of Legal Drafting - Ministry of Justice; - People's Committees of provinces and centrally governed cities; - State Audit Agency; - Units under and directly affiliated with the Ministry of Finance; - Customs Departments of provinces and cities; - Government website; - Ministry of Finance website; - To be filed: VT, CST. |
DEPUTY MINISTER DEPUTY MINISTER (signed) Do Hoang Anh Tuan |
|---|
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