Circular No. 103/2011/TT-BTC amends and supplements the preferential import tax rate for other alloy steel products under subheadings 7225, 7226, 7227, and 7228 (excluding thin hot-rolled flat products). The new tax rate is 10%, applicable from August 25, 2011.
Các điểm cốt lõi
- Other alloy steel products under subheadings 7225, 7226, 7227, and 7228 (excluding thin hot-rolled flat products) shall apply a preferential import tax rate of 10%.
- The condition for applying this tax rate is that the product must meet the criteria specified in point f, clause 1 of the Notes to Chapter 72 of the Preferential Import Tariff Schedule, and it must be a type of steel containing at least 0.0008% of the element Boron (Boron is the sole determinant of other alloy steel).
- This Circular takes effect from August 25, 2011.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Due to the adjustment of the tax rate, enterprises importing other alloy steel products will bear a lower tax burden compared to before (previously, higher tax rates may have been applied). This helps reduce input costs and increase the competitiveness of domestic products.
- Negative impact: The affected entities are enterprises importing other alloy steel products, who will need to comply with the new regulations on criteria for determining the product to qualify for the preferential tax rate. This may cause difficulties for some enterprises that are not familiar with the regulations.
- Positive impact: For consumers and the domestic steel market, a lower tax rate will help reduce the final product cost, thereby increasing consumer access to high-quality products.
❓ Câu hỏi thường gặp
Which goods are subject to the 10% tax rate?
Other alloy steel products under subheadings 7225, 7226, 7227, and 7228 (excluding thin hot-rolled flat products) and meeting the criteria specified in point f, clause 1 of the Notes to Chapter 72 of the Preferential Import Tariff Schedule.
What is the new tax rate?
The new tax rate for other alloy steel products amended and supplemented in this Circular is 10%.
When does this Circular take effect?
Circular No. 103/2011/TT-BTC takes effect from August 25, 2011.
What role does the element Boron play in determining other alloy steel products?
The element Boron is the sole determinant of other alloy steel, and a content of at least 0.0008% of this element in the steel composition will enable the product to meet the criteria for applying the preferential tax rate of 10%.
Which groups of goods are amended?
This Circular only amends and supplements other alloy steel products under subheadings 7225, 7226, 7227, and 7228 (excluding thin hot-rolled flat products).
Toàn văn
CIRCULAR
Amend and supplement Clause 75, Part II Appendix III promulgated together with Circular No. 184/2010/TT-BTC dated November 15, 2010 of the Ministry of Finance.
Based on the Law on Export Tax, Import Tax dated June 14, 2005;
______________________________________
Based on Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 on the issuance of the Export Tariff according to the list of goods subject to tax and the tax rate range for each category of goods, the Preferential Import Tariff according to the list of goods subject to tax and the preferential tax rate range for each category of goods;
To implement Resolution No. 11/NQ-CP dated February 24, 2011 of the Government on key measures to focus on curbing inflation, stabilizing macroeconomic conditions, and ensuring social welfare;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing implementation of certain provisions of the Law on Export Tax, Import Tax;
Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008, of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
The Ministry of Finance amends and supplements Clause 75, Part II Appendix III promulgated together with Circular No. 184/2010/TT-BTC dated November 15, 2010 of the Ministry of Finance, which stipulates the tariff rates of the Export Tariff and the Preferential Import Tariff according to the list of taxable goods (Circular No. 184/2010/TT-BTC) as follows:
Amend and supplement Clause 75, Part II Appendix III of Circular No. 184/2010/TT-BTC
Article 1. "75. Other alloy steel products belonging to subheadings 7225, 7226, 7227, 7228 (excluding thin flat-rolled products, hot-rolled flat-rolled products under subheadings 7225, 7226) that meet the criteria specified in point f, Clause 1 of the Notes to Chapter 72 of the Preferential Import Tariff and contain boron at a level of 0.0008% or more (boron being the sole element determining other alloy steel products) shall be subject to a preferential import tariff rate of 10%."
This Circular takes effect from August 25, 2011./.
Article 2. Effectiveness
This Circular takes effect from August 25, 2011./.
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