This document addresses the import tariff rates for bicycles with engines and spare parts, stipulating that no tax incentives based on domestic content ratios shall be applied to these items from 2003 onwards.
要点
- Hanoi Bicycle and Motorbike Manufacturing and Trading Company → shall not apply the tax policy based on domestic content ratio to bicycles with engines and spare parts as of January 1, 2003
- Bicycles equipped with auxiliary motors (bicycle with engine) fall under the category of two-wheeled motor vehicles (87.11).
- Hanoi Bicycle and Motorbike Manufacturing and Trading Company no longer enjoys tax incentives based on domestic content ratio, causing financial difficulties.
- The bicycle with engine manufacturing industry may face higher costs due to increased import tariffs.
🌐 本文件的社会影响
- Hanoi Bicycle and Motorbike Manufacturing and Trading Company no longer enjoys tax incentives based on domestic content ratio, causing financial difficulties.
- The bicycle with engine manufacturing industry may face higher costs due to increased import tariffs.
❓ 常见问题
Does Hanoi Bicycle and Motorbike Manufacturing and Trading Company still apply the tax policy based on domestic content ratio?
No, as of January 1, 2003, no preferential tax policies based on domestic content ratios shall be applied to bicycles with engines and spare parts.
To which category does a bicycle equipped with an auxiliary motor belong?
Bicycles equipped with auxiliary motors (bicycle with engine) fall under the category of two-wheeled motor vehicles (87.11).
全文
LETTER
OF THE MINISTRY OF FINANCE NUMBER 10812/TCU-CS-TAX ON OCTOBER 17, 2003
REGARDING CUSTOMS DUTY RATES FOR DOMESTIC CONTENT LEVELS
TWO-WHEELED BICYCLES WITH AUXILIARY ENGINES
Dear: Ha Noi Bicycle and Motorbike Import-Export Joint Stock Company
The Ministry of Finance has received your letter number 09-03/LXH dated September 16, 2003 regarding the application of customs duty rates based on domestic content levels for imported components of bicycles with auxiliary engines. Regarding this matter, the Ministry of Finance provides the following comments:
Pursuant to the provisions of Decision No. 147/2002/QĐ-TTg dated October 25, 2002 of the Prime Minister on management mechanisms for two-wheeled motorized vehicles and spare parts during the period from 2003 to 2005, as of January 1, 2003, no preferential tax policies based on domestic content levels will be applied to two-wheeled motorized vehicles, their engines, and spare parts.
According to the provisions of the Preferential Import Tariff Schedule issued together with Decision No. 110/2003/QĐ-BTC dated July 25, 2003 of the Minister of Finance, the principle for classifying goods under the Import Tariff Schedule is set forth in Circular No. 85/2003/TT-BTC of the Ministry of Finance; referring to the Harmonized System Nomenclature and Codes published by the World Customs Organization, bicycles with auxiliary engines (two-wheeled motorbikes) fall under heading 87.11.
Therefore, bicycles with auxiliary engines and their spare parts do not qualify for tax policies based on domestic content levels as stipulated in Circular No. 176/1998/TTLT-BTC-BCN-TCHQ dated December 25, 1998 guiding the implementation of tax policies based on domestic content levels for products and spare parts in the machinery-electricity-electronics industry.
The Ministry of Finance hereby informs Ha Noi Bicycle and Motorbike Import-Export Joint Stock Company.
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