This Decision stipulates the exemption from import tax for components imported for the production and assembly of medical equipment that needs to be prioritized for research and manufacturing within a period of five years from the date the project commences production. The document applies to organizations and individuals participating in the medical equipment production and assembly project.
Scope of application
Organizations and individuals participating in the medical equipment production and assembly project
Key points
- Components imported for the production and assembly of medical equipment that need to be prioritized for research and manufacturing of investment projects listed in the Appendix attached to this Decision shall be exempted from import tax (Article 2).
- The period of exemption from import tax is five years from the date the project commences production and assembly of medical equipment (Article 1).
- Components that are not yet produced domestically may be granted preferential import tax benefits as provided (Article 2).
- The Ministry of Finance shall guide the implementation of this Decision, and the Ministry of Health shall direct, guide, inspect, and supervise the implementation of legal provisions regarding the production and assembly of medical equipment (Article 3).
- This Decision takes effect from November 15, 2014 (Article 3).
🌐 Social impact of this document
- To help businesses producing and assembling medical equipment reduce costs for importing components.
- To create motivation for research, manufacturing, and technological development in the healthcare sector.
- It may increase the number of investment projects in the medical equipment production industry.
❓ Frequently asked questions
Which components are exempt from import tax?
Components that are not yet produced domestically and used for the production and assembly of medical equipment that need to be prioritized for research and manufacturing (Article 2).
What is the duration of the tax exemption?
Five years from the date the project commences production and assembly of medical equipment (Article 1).
Who is responsible for guiding the implementation of this Decision?
The Ministry of Finance is responsible for guiding the implementation of this Decision (Article 3).
Full text
|
PRIME MINISTER |
SOCIALIST REPUBLIC OF VIET NAM |
|
Number: 54/2014/QĐ-TTg |
Hanoi, September 19, 2014 |
Pursuant to …;
Regarding exemption from import tax for components imported for production and assembly of medical equipment that needs to be prioritized for research and manufacture,for production and assembly of medical equipment that needs to be prioritized for research and manufacture.
Pursuant to the Law on Organization of the Government dated December 25, 2001;
Pursuant to the Law on Export Duties and Import Duties dated June 14, 2005;
Pursuant to the Government's Decree No. 87/2010/NĐ-CP dated August 13, 2010 detailing certain provisions of the Law on Export Duties and Import Duties;
At the proposal of the Minister of Finance,
The Prime Minister issues this Decision on the exemption from import tax for components imported for production and assembly of medical equipment that needs to be prioritized for research and manufacture.
Article 1. Scope of Regulation
Goods are components imported for investment projects to produce and assemble medical equipment that needs to be prioritized for research and manufacture shall be exempted from import tax for a period of five (5) years, starting from the date when the project begins producing and assembling medical equipment.
Article 2. Conditions for application of preferential import tax exemptions
Goods are exempted from import tax under Article 1 of this Decision when they meet the following conditions:
1. They are components imported for production and assembly of medical equipment that needs to be prioritized for research and manufacture of the investment projects listed in the Appendix attached to this Decision.
2. They belong to types that cannot be produced domestically.
Article 3. Implementation Organization
1. This Decision takes effect from November 15, 2014.
2. The Ministry of Finance shall provide guidance on the implementation of this Decision.
3. The Ministry of Health shall direct, guide, inspect, and supervise the implementation of laws and regulations on the production and assembly of medical equipment and the provisions of this Decision.
4. Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial People's Committees under central cities, and related organizations and individuals are responsible for implementing this Decision./.
|
Place of Receipt: |
PRIME MINISTER |
Original document (PDF)
Download
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: