Decision No. 234/TC-TCT-QĐ adjusts the minimum import tax value for certain new two-wheeled motorbikes, effective from January 1, 1995. Specific price levels are set for each type of vehicle.
Key points
- Dream II: 1475 USD/unit
- Suzuki Crystal: 1050 USD/unit
- Suzuki Rojal: 1110 USD/unit
- Custom C70: 1410 USD/unit
- Korean Citi: 1075 USD/unit
- Minsk (Russia): 265 USD/unit
- Astrea Prima (Indonesia): 950 USD/unit
🌐 Social impact of this document
- Positive impact: Reduces import costs for new two-wheeled motorbikes for businesses and consumers.
- Negative impact: May cause difficulties in market price control if businesses do not comply.
❓ Frequently asked questions
Which types of vehicles are adjusted?
New two-wheeled motorbikes such as Dream II, Suzuki Crystal, Suzuki Rojal, Custom C70, Korean Citi, Minsk (Russia), and Astrea Prima (Indonesia) are adjusted.
What are the new minimum import tax values?
The specific new minimum import tax values are as follows: Dream II: 1475 USD/unit, Suzuki Crystal: 1050 USD/unit, Suzuki Rojal: 1110 USD/unit, Custom C70: 1410 USD/unit, Korean Citi: 1075 USD/unit, Minsk (Russia): 265 USD/unit, Astrea Prima (Indonesia): 950 USD/unit.
When does this decision take effect?
This decision takes effect for imported consignments declared to Customs authorities from January 1, 1995.
If higher taxes were paid based on old prices, will they be refunded?
The Customs authority will recalculate the tax payable by the entity according to the minimum price specified in this Decision. Any excess tax paid will be refunded by offsetting it against future tax liabilities of the entity.
Which types of vehicles can apply the contract price for tax calculation?
If the price stated in the contract is higher than the minimum price specified in this Decision, the contract price shall be applied for tax calculation.
Full text
Pursuant to …;
REGARDING THE ADJUSTMENT OF THE MINIMUM IMPORT TAXABLE VALUE FOR CERTAIN NEW TWO-WHEEL MOTORCYCLES mức tối thiểu đối với một số loại xe máy hai bánh mới
THE MINISTER OF FINANCE
BASED ON THE AUTHORITY AND PRINCIPLES FOR DETERMINING EXPORT AND IMPORT TAXABLE VALUES AS PROVIDED IN ARTICLE 7 OF DECREE NO. 54/CP OF AUGUST 28, 1993 ISSUED BY THE GOVERNMENT;
AFTER CONSULTATION WITH THE MINISTRY OF TRADE;
DECISION:
Article 1. THE MINIMUM IMPORT TAXABLE VALUE FOR CERTAIN NEW TWO-WHEEL MOTORCYCLES IS ADJUSTED AS FOLLOWS:
DREAM II: 1475 USD PER UNIT
SUZUKI CRYSTAL: 1050 USD -
SUZUKI ROJAL: 1110 USD -
CUSTOM C70: 1410 USD -
CITI KOREA: 1075 USD -
MINSK (RUSSIA): 265 USD -
ASTREA PRIMA (INDONESIA): 950 USD -
Article 2. THIS DECISION SHALL TAKE EFFECT FOR IMPORT SHIPMENTS REGISTERED WITH CUSTOMS AUTHORITIES FROM JANUARY 1, 1995.
WHERE IMPORT TAX HAS BEEN PAID AT A HIGHER MINIMUM TAXABLE VALUE THAN THAT PROVIDED IN THIS DECISION, CUSTOMS AUTHORITIES SHALL RECALCULATE THE TAX PAYABLE BY THE ENTITY BASED ON THE MINIMUM TAXABLE VALUE SET OUT IN THIS DECISION. IF THE CONTRACT PRICE IS HIGHER THAN THE MINIMUM TAXABLE VALUE SET OUT IN THIS DECISION AND THE ENTITY QUALIFIES FOR APPLICATION OF THE CONTRACT PRICE, THE CONTRACT PRICE SHALL BE USED TO CALCULATE THE TAX.
ANY OVERPAID TAX WILL BE REFUNDED BY OFFSETTING AGAINST THE TAX DUE IN THE FOLLOWING PERIOD.
Article 3. OTHER PROVISIONS SHALL CONTINUE TO BE IMPLEMENTED IN ACCORDANCE WITH DECISION NO. 144/TC/TCT-QĐ OF FEBRUARY 23, 1994 ISSUED BY THE MINISTRY OF FINANCE.
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