Decision No. 176/1999/QD-TTg exempts import tax on raw materials for investment projects in mountainous, remote, and far-flung areas and foreign-invested enterprises. The exemption period is five years.
适用范围
Foreign-invested enterprises and Vietnamese enterprises investing in mountainous, remote, and far-flung areas.
要点
- Enterprises are exempt from import tax on raw materials for five years for investment projects in difficult regions.
- Raw materials exempt from tax must be used for production; if used for other purposes, back taxes will be levied.
- The Ministry of Planning and Investment is responsible for issuing the list of raw materials that have been produced domestically.
🌐 本文件的社会影响
- Positive impact: Support economic and social development in difficult regions, attract FDI.
- Negative impact: Management costs for the list of raw materials may increase.
❓ 常见问题
Which enterprises are eligible for the tax exemption policy?
Foreign-invested enterprises and Vietnamese enterprises investing in mountainous, remote, and far-flung areas.
What is the duration of the tax exemption?
Five years from the start of production.
For what purpose must raw materials exempt from tax be used?
They must be used for production; if used for other purposes, back taxes will be levied on the amount of tax exempted.
Who is responsible for issuing the list of raw materials?
The Ministry of Planning and Investment.
When does this decision take effect?
It takes effect fifteen days after the date of signature.
全文
Pursuant to …;
Regarding exemption from import tax on raw materials
_________________________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Decree No. 10/1998/NĐ-CP dated January 23, 1998 of the Government;
Pursuant to Decision No. 29/1998/QĐ-TTg dated February 9, 1998 of the Prime Minister;
Pursuant to Decision No. 53/1999/QĐ-TTg dated March 26, 1999 of the Prime Minister;
At the proposal of the Minister of Finance in Circular No. 3529/TC-TCT dated July 19, 1999,
DECISION:
Article 1. Investment projects included in the list of encouraged investment projects and investment projects in mountainous, remote, and far-flung areas shall be exempted from import tax on raw materials and semi-finished products that have not been produced domestically or have not met quality standards.
The exemption period is five years from the start of production and applies to foreign-invested enterprises and Vietnamese enterprises.
Article 2. Raw materials exempted under Article 1 must be used for production purposes; if used for other purposes, the exempted tax must be recovered.
Article 3. The Ministry of Planning and Investment shall take the lead in coordinating with relevant ministries to promulgate and publish the list of raw materials that have been produced domestically.
Article 4. THIS DECISION SHALL TAKE EFFECT 15 DAYS FROM THE DATE OF SIGNATURE.
Article 5. The Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, and Chairpersons of People's Committees of provinces and centrally governed cities are responsible for implementing this Decision.
VICE-PRESIDENT OF THE GOVERNMENT
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