Circular No. 38/2009/TT-BTC adjusts the preferential import tax rates for automobile parts and components in the Preferential Import Tariff Schedule. The new tax rate will be applied from March 9, 2009.
Scope of application
Enterprises importing automobile parts and components
Key points
- Engines, gearboxes, clutches, and their parts belonging to subheadings 84.07, 84.08, 84.09, 87.08 → are subject to the new preferential import tax rate adjustment
🌐 Social impact of this document
- Enterprises may reduce the cost of importing automobile parts if the new tax rate is lower than before, creating a competitive advantage.
- However, enterprises must also comply with the new customs and tax regulations.
❓ Frequently asked questions
What is the new tax rate?
The Circular does not specify the new tax rate, only mentioning the adjustment from Decision No. 123/2008/QĐ-BTC.
When does this Circular take effect?
This Circular takes effect from March 9, 2009.
Which types of automobile parts and components have their tax rates adjusted?
Engines, gearboxes, clutches, and their parts belonging to subheadings 84.07, 84.08, 84.09, 87.08.
What actions must enterprises take to comply with this Circular?
Enterprises need to adjust their customs declarations and report according to the new tax rate from March 9, 2009.
To which types of goods does this Circular apply?
This Circular applies only to imported automobile parts and components.
Full text
CIRCULAR
Regarding the adjustment of preferential import tax rates for
automobile parts and components in the Import Tariff
_______________________
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 on the issuance of the Export Tariff according to the list of taxable goods categories and tax rate brackets for each category, and the Preferential Import Tariff according to the list of taxable goods categories and preferential tax rate brackets for each category;
Pursuant to Decree No. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax;
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;
Pursuant to the conclusion of the Prime Minister in Official Letter No. 20/TB-VPCP dated January 17, 2009 of the Office of the Government; the opinion of the Ministry of Planning and Investment in Circular No. 1003/BKH-TCTT dated February 19, 2009 and that of the Ministry of Industry and Trade in Circular No. 1075/BCT-CNNg dated February 11, 2009;
The Ministry of Finance guides the implementation of preferential import tax rates for automobile parts and components in the Preferential Import Tariff as follows:
Article 1. Adjusting the preferential import tax rates for engines, gearboxes, clutches, and their parts belonging to groups 84.07, 84.08, 84.09, 87.08 as stipulated in Decision No. 123/2008/QĐ-BTC dated December 26, 2008 of the Minister of Finance on adjusting export tax rates and preferential import tax rates for certain categories of goods in the Export Tariff and Preferential Import Tariff to new preferential import tax rates as specified in the List attached to this Circular.
Article 2. This Circular takes effect and applies to Customs Declaration Forms for imported goods registered with Customs authorities from March 9, 2009./.
DEPUTY MINISTER
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