This Circular stipulates the preferential import tax rates for certain petroleum products under subheading 2710 in the Preferential Import Tariff Schedule. It replaces the previous Circular and takes effect from February 24, 2011.
Key points
- The preferential import tax rates for certain petroleum products under subheading 2710 are adjusted and specified in the List attached to this Circular.
- This Circular takes effect from February 24, 2011.
🌐 Social impact of this document
- Petroleum trading enterprises must comply with the new preferential import tax rates prescribed herein.
- Consumers may be affected by the selling price of petroleum products.
❓ Frequently asked questions
What items does the new preferential import tax rate apply to?
This Circular adjusts the preferential import tax rates for certain petroleum products under subheading 2710.
When does this Circular take effect?
This Circular takes effect from February 24, 2011.
Which Circular does this Circular replace?
This Circular replaces Circular No. 07/2011/TT-BTC of the Ministry of Finance guiding the application of preferential import tax rates for certain goods under subheading 2710 in the Preferential Import Tariff Schedule.
Where is the specific list of new preferential import tax rates detailed?
The List attached to this Circular details the new preferential import tax rates for petroleum products under subheading 2710.
Which enterprises need to comply with this Circular?
Petroleum trading enterprises must comply with the new preferential import tax rates prescribed in this Circular.
Full text
CIRCULAR
Guidelines for implementing the preferential import tax rate
for certain items under subheading 2710 in the Preferential Import Tariff Schedule
_________________________
Pursuant to the Law on Export Tax and Import Tax No. 45/2005/QH11 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 based on the list of taxable commodity groups and the tax rate range for each group, and the Preferential Import Tariff Schedule based on the list of taxable commodity groups and the preferential tax rate range for each group;
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 the Government Decree No. 187/2013/NĐ-CP dated November 20, 2013 detailing the implementation of the Law on Commerce regarding international trade activities and foreign-related agency purchase, sale, processing, and transit of 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;
Based on Circular No. 837/BTC-CST dated January 19, 2010 of the Ministry of Finance, the Ministry of Finance issues guidelines for implementing the preferential import tax rate for certain items under subheading 2710 in the Preferential Import Tariff Schedule as follows:
Article 1. Tax Rate Level
Adjust the preferential import tax rate for certain gasoline and oil products under subheading 2710 specified in the Preferential Import Tariff Schedule to the new preferential import tax rate level as stipulated in the List attached to this Circular.
Article 2. Effective Date
This Circular takes effect from February 24, 2011 and replaces Circular No. 07/2011/TT-BTC dated January 14, 2011 of the Ministry of Finance guiding the implementation of the preferential import tax rate for certain items under subheading 2710 in the Preferential Import Tariff Schedule.
DEPUTY MINISTER
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