Circular No. 111/2010/TT-BTC amends the preferential import tax rate for certain toy items under Group 95.03, to be applied from the date of effectiveness forty-five days after the signing date.
Key points
- subject to tax: Toy items under Group 95.03 → the preferential import tax rate will be amended
- The new tax rate will be specified in the List attached to this Circular.
🌐 Social impact of this document
- Positive impact: Reducing the import cost burden on toy manufacturing enterprises, enhancing the competitiveness of domestic products in the international market.
- Negative impact: It may affect the State's revenue from import taxes.
❓ Frequently asked questions
What is the new tax rate?
The new tax rate will be specified in the List attached to this Circular, with no specific information provided in the text.
What types of goods does this Circular apply to?
This Circular applies to toy items under Group 95.03.
When does it come into effect?
This Circular takes effect forty-five days after the signing date.
Does this Circular have any impact on toy importing enterprises?
The taxable subject is toy items under Group 95.03, so enterprises importing these items will see their preferential import tax rate amended.
Does this Circular affect the State's revenue?
It may affect the revenue from import taxes due to the reduction in the tax rate for toy items under Group 95.03.
Full text
CIRCULAR
AMENDING THE RATE OF PREFERENTIAL IMPORT DUTY FOR CERTAIN ITEMS IN SUBHEADING 9503 OF THE PREFERENTIAL IMPORT TAX SCHEDULE
goods belonging to subheading 9503 in the Preferential Import Tariff Schedule
BASED ON THE LAW ON EXPORT TAXES AND IMPORT TAXES dated June 14, 2005;
BASED ON RESOLUTION NO. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly on the issuance of the Export Tax Schedule according to the list of taxable commodity groups and tax rate ranges for each group, and the Preferential Import Tax Schedule according to the list of taxable commodity groups and preferential tax rate ranges for each group;
BASED ON DECREE NO. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Taxes and Import Taxes;
Pursuant to the 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 guides the implementation of the preferential import tax rate for toys in subheading 95.03 of the Preferential Import Tax Schedule as follows:
ARTICLE 1. RATE OF PREFERENTIAL IMPORT DUTY.
AMEND THE RATE OF PREFERENTIAL IMPORT DUTY FOR CERTAIN TOYS IN SUBHEADING 95.03 OF THE LIST OF PREFERENTIAL IMPORT TAX RATES ACCOMPANYING THE CIRCULAR NO. 216/2009/TT-BTC DATED NOVEMBER 12, 2009 OF THE MINISTRY OF FINANCE TO THE NEW PREFERENTIAL IMPORT TAX RATE LISTED IN THE ATTACHED LIST OF THIS CIRCULAR.
Article 2. Effective Date.
THIS CIRCULAR SHALL TAKE EFFECT 45 DAYS FROM THE DATE OF SIGNATURE./.
DEPUTY MINISTER
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