Decision No. 1854/QD-BTC corrects the preferential import tariff rate for certain electrical equipment items, effective from the date of signing. This decision is part of Circular No. 138/2009/TT-BTC.
Key points
- Electrical equipment items with a power consumption exceeding 10,000 kVA: the tax rate is 5% for power not exceeding 15,000 kVA and 10% for power from 15,000 kVA to 20,000 kVA, other types are 5%;
- This decision takes effect from the date of signing;
- those subject to taxation are enterprises importing electrical equipment items;
- The tax rate is adjusted according to the power consumption of the electrical equipment;
🌐 Social impact of this document
- Enterprises will have to comply with the new tax rates, which may affect import costs and profits;
- End consumers may be indirectly affected through product selling prices;
❓ Frequently asked questions
What is the new tax rate?
The new tax rate for electrical equipment items with power consumption exceeding 10,000 kVA: 5% for power not exceeding 15,000 kVA and 10% for power from 15,000 kVA to 20,000 kVA, other types are 5%. (Article 1)
When does this decision take effect?
This decision takes effect from the date of signing. (Article 2)
What must enterprises do to comply with this decision?
Enterprises must adjust the tax rate when importing electrical equipment items according to the power consumption of the products. (Article 1)
To which items does this decision apply?
This decision only applies to electrical equipment items with power consumption exceeding 10,000 kVA. (Article 1)
Is there any impact on consumers?
End consumers may be indirectly affected through product selling prices due to increased import costs. (socialimpact)
Full text
Pursuant to …;
Regarding the correction of Circular No. 138/2009/TT-BTC dated July 3, 2009 of the Ministry of Finance
_______________________________
THE MINISTER OF FINANCE
Pursuant to the Law on Legislative Acts of 17/2008/QH12 dated June 3, 2008;
BASED ON Decree No. 104/2004/NĐ-CP dated March 23, 2004 of the Government on the Official Gazette of the Socialist Republic of Vietnam;
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;
At the proposal of the Director of the Policy Department;
DECISION:
Article 1. Correcting the import tax rate
Correct the preferential import tax rate for certain items under Group 8504 specified in the Preferential Import Tax Rate List issued together with Circular No. 138/2009/TT-BTC dated July 3, 2009 of the Ministry of Finance regarding the adjustment of the preferential import tax rate for certain electrical equipment items in the Preferential Import Tariff as follows:
|
Item Code |
Description of Goods |
Tax Rate (%) |
|||
|
8504 |
23 |
|
|
- With a capacity usage exceeding 10,000 kVA: |
|
|
8504 |
23 |
10 |
00 |
- - With a capacity usage not exceeding 15,000 kVA |
5 |
|
|
|
|
|
- - With a capacity usage exceeding 15,000 kVA: |
|
|
8504 |
23 |
21 |
00 |
- - - Not exceeding 20,000 kVA |
5 |
|
8504 |
23 |
29 |
00 |
- - - - Other |
5 |
Article 2. Effective Date
This Decision is part of Circular No. 138/2009/TT-BTC dated July 3, 2009 mentioned above and takes effect from the date of issuance.
2. The Director of the Tax Policy Department, the Head of the Office of the Ministry of Finance, the Heads of units under the Ministry of Finance, and related units are responsible for implementing this Decision./.
DEPUTY MINISTER
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