Circular No. 182/2010/TT-BTC amends the preferential import tariff rate for gold items in the Preferential Import Tariff Schedule, applicable to entities importing gold. The new tariff rates are specified according to each form and subcategory of gold items.
Key points
- Imported gold → is exempt from preferential import tariffs on types such as powder, blocks, ingots, or cast bars, other types; only subject to a 10% tariff rate on unprocessed forms.
- Imported gold → does not bear preferential import tariff rates on items in the form of currency.
- New tariff rates: 0% for powder, blocks, ingots, or cast bars; 10% for unprocessed forms; 0% for other types and semi-finished products; 0% for items in the form of currency.
- Effective date from the date of issuance of the circular.
🌐 Social impact of this document
- Positive impact: Reduces import costs for businesses and individuals when importing gold without having to pay high tariff rates, particularly for powder, blocks, ingots, or cast bars.
- Negative impact: No significant negative impact on individuals/businesses.
❓ Frequently asked questions
What are the new tariff rates for gold items?
The new tariff rates for gold items are as follows: 0% for powder, blocks, ingots, or cast bars; 10% for unprocessed forms; 0% for other types and semi-finished products; 0% for items in the form of currency.
Who is subject to these new tariff rates?
Entities importing gold are subject to these new tariff rates, including both businesses and individuals importing gold items as specified in the circular.
Which items are exempt from preferential import tariffs?
Items in the form of currency are exempt from preferential import tariffs.
What is the duration of implementation of this circular?
This circular takes effect from the date of issuance, which is November 12, 2010.
Is it necessary to register with the tax authority when importing gold items?
No, because the circular only specifies the preferential import tariff rates for gold items and does not require specific additional procedures.
Full text
CIRCULAR
Provincial People's Committees set specific pricesAmending the rate of preferential import tax on gold items
in the Preferential Import Tariff Schedule
_________________________________
Pursuant to the Law on Export Tax and Import Tax dated June 14, 2005;
Pursuant to Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly regarding the issuance of the Export Tariff Schedule according to the list of goods subject to taxation and the tax rate range for each group of goods, the Preferential Import Tariff Schedule according to the list of goods subject to taxation and the preferential tax rate range for each group of goods;
Pursuant to Resolution No. 830/2009/UBTVQH12 dated October 17, 2009 of the Standing Committee of the National Assembly amending Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 and Resolution No. 710/2008/NQ-UBTVQH12 dated November 22, 2008;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government providing details on the implementation of certain provisions of the Export and Import Tax Law;
Pursuant to Decree No. 06/2003/NĐ-CP dated February 22, 2003 of the Government on the classification of export and import goods;
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 amends the preferential import tax rate on gold in the Import Tariff Schedule as follows:
Article 1. Rate of Preferential Import Tax.
Amend the preferential import tax rate applicable to gold items under subheading 7108 specified in Appendix II of the List of Preferential Import Tax Rates of the Preferential Import Tariff Schedule issued together with Circular No. 216/2009/TT-BTC dated November 12, 2009 of the Ministry of Finance to the new preferential import tax rate specified in the List issued together with this Circular.
Article 2. Effective Date
1. The Director of the Finance and Planning Department is responsible for guiding and supervising the implementation of this Circular.
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DEPUTY MINISTER (Signed)
Nguyen Cong Nghiep |
LIST
RATE OF PREFERENTIAL IMPORT TAX ON GOLD ITEMS IN THE EXPORT TARIFF SCHEDULE
(Issued together with Circular No. 182/2010/TT-BTC dated November 12, 2010 of the Ministry of Finance)
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Belonging to the following groups and subgroups |
Description of Goods |
Tax Rate (%) |
|||
|
|
|
|
|
Gold (including platinum-coated gold) not worked or semi-manufactured, or in powder form |
|
|
|
|
|
|
- Not in monetary form: |
|
|
7108 |
11 |
00 |
00 |
- - In powder form |
0 |
|
7108 |
12 |
|
|
- - Other unworked forms: |
|
|
7108 |
12 |
10 |
00 |
- - - In block, ingot or cast bar form |
0 |
|
7108 |
12 |
90 |
00 |
- - Of chickens of the species Gallus domesticus |
0 |
|
7108 |
13 |
00 |
00 |
- - Other semi-manufactured forms |
0 |
|
7108 |
20 |
00 |
00 |
- In monetary form |
0 |
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