Circular No. 29/2011/TT-BTC adjusts the preferential import tax rate for sugar products under heading 17.01, applicable from April 15, 2011.
Key points
- Sugar products under heading 17.01 → The preferential import tax rate will be adjusted according to the List attached to this Circular.
🌐 Social impact of this document
- Sugar manufacturing and importing enterprises will be directly affected by the adjustment of the tax rate, which may increase or decrease input costs.
- Consumers may face price fluctuations of sugar products due to changes in the tax rate.
❓ Frequently asked questions
What is the new tax rate for sugar products?
The new tax rate is specified in the List attached to Circular No. 29/2011/TT-BTC, but there is no specific information about the tax rate in this document.
When does this Circular take effect?
This Circular takes effect from April 15, 2011.
Who are the subjects affected by this Circular?
Sugar manufacturing and importing enterprises will be directly affected, along with consumers who may face price fluctuations.
If a company imports sugar, will it incur additional costs?
Depending on the new tax rate compared to the old one, if the tax rate increases, the company will incur additional costs, otherwise, costs will decrease if the rate decreases.
Full text
CIRCULAR
Adjusting the rate of preferential import tax for sugar products belonging to subheading 17.01 in the Preferential Import Tariff Schedule
in the Preferential Import Tariff Schedule
______________________________
Pursuant to the Law on Export Duties and Import Duties 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 on the issuance of the Export Tariff Schedule according to the list of taxable goods categories and the tax rate range for each category, the Preferential Import Tariff Schedule according to the list of taxable goods categories and the preferential tax rate range for each category;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing implementation of certain provisions of the Law on Export Tax, Import Tax;
Pursuant to 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 adjusts the rate of preferential import tax for sugar products belonging to subheading 17.01 in the Preferential Import Tariff Schedule as follows:
Article 1. Preferential import tax rate
Adjusting the rate of preferential import tax for sugar products belonging to subheading 17.01 specified in the Preferential Import Tariff Schedule according to the List of Taxable Goods issued together with Circular No. 184/2010/TT-BTC dated November 15, 2010 of the Ministry of Finance stipulating the tax rates of the Export Tariff Schedule and the Preferential Import Tariff Schedule according to the list of taxable goods to the new preferential import tax rate specified in the List issued together with this Circular.
Article 2. Effective Date
This Circular takes effect from April 15, 2011./.
DEPUTY MINISTER
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