Circular No. 10428/TC/TCT stipulates the export of natural rubber to bonded warehouses abroad, including policies on export tax rates, import duties, and value-added taxes. The document guides necessary procedures for applying a 0% tax rate.
Đối tượng áp dụng
Economic organizations exporting natural rubber to bonded warehouses abroad
Các điểm cốt lõi
- Natural rubber exported to foreign bonded warehouses has an export tax rate of 0%
- If goods have been exported to bonded warehouses but must be re-imported into Vietnam, the enterprise will receive a refund on the export tax and no import duty will be levied if conditions are met as prescribed.
- The value-added tax applied to exported rubber is 0%
- To apply the 0% tax rate, enterprises must submit documents such as contracts for leasing bonded warehouses, customs declarations for goods exported under temporary export procedures, and payment receipts from foreign customers.
- Enterprises need to have an international trade sales contract signed with buyers and a consolidated declaration of quantity and value of sold goods
🌐 Tác động xã hội từ văn bản này
- Helps natural rubber exporting enterprises save tax costs when exporting to bonded warehouses abroad
- Facilitates the management and storage of enterprise goods at bonded warehouses
- Complex procedural requirements may cause difficulties for some small businesses
❓ Câu hỏi thường gặp
What is the export tax rate for natural rubber exported to bonded warehouses abroad?
The export tax rate for natural rubber when exported to foreign bonded warehouses is 0%
If goods have been exported to bonded warehouses but must be re-imported into Vietnam, how will enterprises receive a refund?
Enterprises will receive an export tax refund and no import duty will be levied if conditions are met as stipulated in point 1.k, Section I, Part E of Circular No. 172/1998/TT-BTC
What is the value-added tax rate applied to exported rubber?
The value-added tax rate for exported rubber is 0%
What documents are required to apply a 0% tax rate when exporting natural rubber to bonded warehouses abroad?
Documents include contracts for leasing bonded warehouses, customs declarations for goods exported under temporary export procedures, and payment receipts from foreign customers
What contract does an enterprise need to have to apply a 0% tax rate?
Enterprises need to have an international trade sales contract signed with buyers and a consolidated declaration of quantity and value of sold goods
Toàn văn
LETTER
OF THE MINISTRY OF FINANCE NUMBER 10428 TC/TCT DATED OCTOBER 31, 2001
REGARDING EXPORT OF NATURAL RUBBER TO
FOREIGN BONDED WAREHOUSES
Dear: - General Department of Customs
- Ministry of Trade
- Vietnam Rubber Corporation
In accordance with the directive of the Prime Minister in Document No. 3304/VPCP-KTTH dated July 26, 2001, the Ministry of Finance guides tax policies for natural rubber exported to foreign bonded warehouses for gradual sale to overseas customers as follows:
1. Export duties and import duties: based on Decree No. 54/CP dated August 28, 1993; Decree No. 94/1998/NĐ-CP dated November 17, 1998 of the Government detailing the implementation of the Law on Export Duties and Import Duties and Laws amending and supplementing certain provisions of the Law on Export Duties and Import Duties; Circular No. 172/1998/TT-BTC dated December 22, 1998; the Export Duty Tariff issued pursuant to Decision No. 193/2000/QĐ-BTC dated December 5, 2000 of the Minister of Finance then:
- Natural rubber (the last item in the Export Duty Tariff: other items not listed above) has an export duty rate of 0%.
- In cases where goods have been exported to foreign bonded warehouses but must be re-imported into Vietnam for any reason, they will be exempt from import duties and refunded the previously paid export duties (if applicable) if they meet the conditions and procedures stipulated in point 1.k, section I, part E of Circular No. 172/1998/TT-BTC mentioned above.
2. Value-added tax: based on Decree No. 79/2000/NĐ-CP dated December 29, 2000 of the Government detailing the implementation of the Law on VAT; Circular No. 122/2000/TT-BTC dated December 29, 2000 of the Ministry of Finance then: natural rubber exported is subject to a VAT rate of 0%. The procedures and documents are as stipulated in point 1.1, section II, part B of Circular No. 122/2000/TT-BTC mentioned above.
For cases where natural rubber is exported to foreign bonded warehouses for sale to overseas customers, the procedures and documents required to apply a rate of 0% include:
- Lease contract for bonded warehouse;
- Customs declaration form for temporarily exported goods;
- Liquidity report submitted to customs authorities for export procedures;
- Export agency agreement (in cases where subsidiaries entrust Vietnam Rubber Corporation with exporting);
- Summary declaration of quantity and value of sold goods (confirmed by Vietnam Rubber Corporation);
- Foreign trade purchase contract signed with the buyer;
- Payment documents or confirmation of payment from overseas customers;
- VAT invoice for sales.
The Ministry of Finance provides guidance so that relevant agencies are informed and uniformly implement.
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