Decision No. 171/1999/QĐ-TTg allows enterprises to defer payment of import tax and value-added tax on imported raw materials, components, and spare parts directly serving production for a period of 30 days. The Decision takes effect from September 1, 1999, until December 31, 2000.
Scope of application
Enterprises
Key points
- Enterprise → is allowed to defer payment of import tax and value-added tax on imported raw materials, components, and spare parts directly serving production for a period of 30 days.
🌐 Social impact of this document
- Positive impact: Reduces short-term financial pressure on enterprises, giving them additional time to balance cash flow.
- Negative impact: May lead to delayed tax payments, affecting state revenue if not strictly managed.
❓ Frequently asked questions
For how long can enterprises defer tax payment?
Enterprises are allowed to defer payment of import tax and value-added tax on imported raw materials, components, and spare parts directly serving production for a period of 30 days.
When does this Decision take effect?
This Decision takes effect from September 1, 1999, until December 31, 2000.
What must enterprises do to benefit from this policy?
Enterprises need not undertake any additional procedures, only needing to meet the condition of importing raw materials, components, and spare parts directly serving production.
To which types of goods does this Decision apply?
This Decision applies to imported raw materials, components, and spare parts directly serving production.
How must enterprises pay taxes after the 30-day period?
After the 30-day period, enterprises must complete the payment of import tax and value-added tax according to regulations.
Full text
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PRIME MINISTER |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 171/1999/QĐ-TTg |
Hanoi, August 19, 1999 |
DECISION
Regarding the extension of time for payment of import taxes on raw materials, components, and spare parts
directly serving production
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to the Export Tax and Import Tax Law No. 04/1998/QH10 dated May 20, 1998;
Pursuant to the Value Added Tax Law No. 02/1997/QH9 dated May 10, 1997;
Pursuant to Decree No. 94/1998/NĐ-CP dated November 17, 1998 of the Government detailing the implementation of the Law Amending and Supplementing Certain Articles of the Export Tax and Import Tax Law No. 04/1998/QH10 dated May 20, 1998;
Pursuant to Decree No. 28/1998/NĐ-CP dated May 11, 1998 of the Government detailing the implementation of the Value Added Tax Law;
At the proposal of the Minister of Finance,
DECISION:
Article 1. Permit enterprises to delay payment of import tax and value added tax on imported raw materials, components, and spare parts directly serving production within thirty days from the date they are required to fully pay the import tax according to Point d, Clause 3, Article 4 of Decree No. 94/1998/NĐ-CP dated November 17, 1998 of the Government detailing the implementation of the Law Amending and Supplementing Certain Articles of the Export Tax and Import Tax Law No. 04/1998/QH10 dated May 20, 1998.
Article 2. This Decision takes effect from September 1, 1999 until December 31, 2000.
Article 3. The Minister of Finance shall provide guidance for the implementation of this Decision.
Article 4. The Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial and centrally-administered city People's Committees are responsible for enforcing this Decision.
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DEPUTY PRIME MINISTER DEPUTY PRIME MINISTER (Signed) Nguyen Tan Dung |
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