Decision No. 116/2001/QD-BTC supplements and amends preferential import tax rates for motorcycles based on the degree of localization. The tax rates change from 60% to 3%, applicable from January 1, 2001.
Key points
- Motorcycles → are subject to different preferential tax rates based on the degree of localization, ranging from 60% to 3%.
- liable to pay taxes → enterprises importing motorcycles.
🌐 Social impact of this document
- Positive impact: Reduces the burden of import costs for domestic motorcycle manufacturing enterprises, encouraging investment and development of the domestic motorcycle industry.
- Negative impact: May increase product costs for consumers if enterprises cannot reduce import costs.
❓ Frequently asked questions
What are the new tax rates?
New tax rates range from 60% to 3%, based on the degree of localization of motorcycle products. Specifically: Above 0-20% achieved → 60%; Above 20-30% → 50%; Above 30-40% → 40%; Above 40-50% → 30%; Above 50-60% → 20%; Above 60-70% → 10%; Above 70-80% → 5%; Above 80% → 3%. (Article 1)
When does this decision take effect?
This decision takes effect and applies to import declarations submitted to customs authorities from January 1, 2001. (Article 2)
Are previous regulations contrary to this decision abolished?
Yes, all previous regulations contrary to this decision are abolished. /
How is the degree of localization calculated?
The degree of localization is not specified in the document. However, this ratio will affect the preferential tax rate that enterprises must pay when importing motorcycles. (Article 1)
Who is the taxpayer?
The taxpayer is enterprises importing motorcycles. (Article 2)
Full text
DECISION OF THE MINISTER OF FINANCE
Regarding supplementing and amending the preferential import tax rate for motorcycles as stipulated in the Preferential Import Tariff Schedule issued together with Decision No. 1944/1998/QD-BTC dated December 25, 1998 of the Minister of FinanceDecision No. 1944/1998/QD-BTC dated December 25, 1998 of the Minister of Finance on issuing the preferential import tax rate based on the level of domestic production for products and spare parts in the machinery-electricity-electronics industryIn light of the implementation of Decision No. 1944/1998/QD-BTC dated December 25, 1998 of the Minister of Finance regarding the issuance of preferential import tax rates based on the level of domestic production for products and spare parts in the machinery-electricity-electronics industry
________________________
THE MINISTER OF FINANCE
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;
BASED ON DECREE NO. 178/CP DATED OCTOBER 28, 1994 OF THE GOVERNMENT ON THE TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;
After consulting with the Ministry of Industry and the General Department of Customs
Supplementing and amending the preferential import tax rate for motorcycles as stipulated at Point 1.1 of the Preferential Import Tariff Schedule issued together with Decision No. 1944/1998/QD-BTC dated December 25, 1998 of the Minister of Finance as follows:
PURSUANT TO THE PROPOSAL OF THE DIRECTOR GENERAL OF THE STATE TAX ADMINISTRATION;
DECISION:
Article 1: Level of domestic production achieved (%)
|
Preferential import tax rate |
1- Over 0 to 20 |
|
2- Over 20 to 30 |
60 |
|
3- Over 30 to 40 |
50 |
|
4- Over 40 to 50 |
40 |
|
5- Over 50 to 60 |
30 |
|
6- Over 60 to 70 |
20 |
|
7- Over 70 to 80 |
10 |
|
8- Over 80 |
5 |
|
This Decision shall take effect and be applied to import declarations submitted to customs authorities from January 1, 2001. Any previous provisions contrary to this Decision are hereby abolished./. |
3 |
Article 2: This Decision shall take effect and apply to Import Declaration Forms submitted to Customs authorities from January 1, 2001. All previous provisions contrary to this Decision are hereby abolished./.
DEPUTY MINISTER
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