This circular clarifies that the VAT rate applicable to stainless steel water tanks from January 1, 2004 is 10%, instead of the previous rate of 5%. Units that have declared and paid taxes at the old rate are not required to make additional payments.
적용 범위
Provincial Tax Bureaus under the central government and businesses producing or trading in stainless steel water tanks
핵심 사항
- Businesses producing or trading in stainless steel water tanks must apply a VAT rate of 10% from January 1, 2004 (Point 3.4 Section II Part B Circular No. 120/2003/TT-BTC)
- Units that have declared and paid taxes at the old VAT rate of 5% before this circular is issued are not required to make additional payments.
- Businesses producing stainless steel water tanks face financial burdens due to an increase in the tax rate from 5% to 10%
- Consumers may encounter difficulties with prices as a result of the increased tax rate
- Local Tax Bureaus find it easier to guide and manage tax declarations
🌐 이 문서의 사회적 영향
- Businesses producing stainless steel water tanks face financial burdens due to an increase in the tax rate from 5% to 10%
- Consumers may encounter difficulties with prices as a result of the increased tax rate
- Local Tax Bureaus find it easier to guide and manage tax declarations
❓ 자주 묻는 질문
What is the VAT rate for stainless steel water tanks?
The VAT rate applicable to this item is 10% from January 1, 2004.
If a business has declared and paid taxes at the old rate of 5%, do they need to make additional payments?
No, units that have applied, declared, and paid taxes at the old VAT rate of 5% before this circular is issued are not required to make additional payments.
When does this circular take effect?
This circular was issued on November 29, 2004 and guides the application of the new tax rate from January 1, 2004.
Who is responsible for notifying and guiding implementation of this circular?
Provincial Tax Bureaus under the central government are responsible for notifying and guiding businesses to implement this circular.
Which document specifies the VAT rate for stainless steel water tanks?
Circular No. 120/2003/TT-BTC dated December 12, 2003 and Circular No. 62/2004/TT-BTC dated June 24, 2004.
전문
LETTER
OF THE MINISTRY OF FINANCE NUMBER 13902/TC/TCT DATED NOVEMBER 29, 2004
REGARDING VALUE ADDED TAX ON STAINLESS STEEL TANKS
RESPECTED: PROVINCE AND CITY DIRECTORATES OF TAXATION
The Ministry of Finance has received letters from several local tax directorates and businesses inquiring about the application of VAT rates for stainless steel water tanks. Regarding this issue, the Ministry of Finance provides the following opinion: Pursuant to the provisions at point 3.4, section II, part B of Circular No. 120/2003/TT-BTC dated December 12, 2003 issued by the Ministry of Finance guiding value added tax and Circular No. 62/2004/TT-BTC dated June 24, 2004 guiding the implementation of VAT rates according to the preferential tariff schedule: Stainless steel water tanks are subject to a VAT rate of 10% from January 1, 2004. In cases where units have applied, declared, and paid taxes at a VAT rate of 5% prior to this letter, no additional tax will be pursued.
The Ministry of Finance informs the provincial and city directorates of taxation for their knowledge and guidance to businesses on implementation./.
The Ministry of Finance informs the Tax Departments of provinces and centrally governed cities for their knowledge and guidance to enterprises in implementation./.
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