This Decision stipulates the rate of import tax on the set of two-wheeled motorcycle parts of Hoang Chung Trading Limited Company according to the localization ratio tax policy for 2001. The tax rate will be adjusted for each specific type of vehicle.
Scope of application
Hoang Chung Trading Limited Company; Customs Departments of provinces and cities
Key points
- Hoang Chung Trading Limited Company → shall apply the rate of import tax on the set of two-wheeled motorcycle parts as prescribed in Article 1 of this Decision.
- For each type of vehicle (FULJIR 110K, FULJIR 100) → there will be different rates of import tax: 15% or 30%
- Enterprises must recalculate the amount of import tax payable according to the regulations and declare it to the Customs authority.
- The Customs authority → shall accept and check the declaration of enterprises to implement tax collection or refund according to the regulations.
- The handling of refunded tax (if any) shall be carried out in accordance with the guidance provided in Article 130 of Circular No. 79/2009/TT-BTC
🌐 Social impact of this document
- Enterprises importing two-wheeled motorcycle parts → must comply with the new tax rate, which may affect production costs.
- The Customs authority → shall be specifically guided on tax collection and refund according to the new regulations.
❓ Frequently asked questions
What is the rate of import tax on the set of two-wheeled motorcycle parts of Hoang Chung Trading Limited Company?
For FULJIR 110K: 15%; For FULJIR 100: 30%
What must enterprises do when applying the new tax rate?
Enterprises must recalculate the amount of import tax payable according to the regulations and declare it to the Customs authority.
Full text
|
MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
|
Number: 572/QD-BTC |
Hanoi, March 18, 2010 |
Pursuant to …;
Regarding the import tariff rate for two-wheeled motorcycle parts under the localization ratio tax policy in 2001
--------------------------
THE MINISTER OF FINANCE
Pursuant to Circular Joint Circular No. 176/1998/TTLT-BTC-BCN-TCHQ dated December 25, 1998, issued by the Ministry of Finance, Ministry of Industry, and General Department of Customs guiding the implementation of the localization ratio tax policy for products and spare parts in the mechanical-electrical-electronic industry, and Joint Circular No. 120/2000/TTLT-BTC-BCN-TCHQ dated December 25, 2000, issued by the Ministry of Finance, Ministry of Industry, and General Department of Customs supplementing and amending Joint Circular No. 176/1998/TTLT-BTC-BCN-TCHQ;
Pursuant to the guidance of the Prime Minister in Official Letter No. 7604/BTC-KTTH dated December 29, 2006, from the Government Office on handling existing issues regarding the localization ratio tax for two-wheeled motorcycles in 2001.
Pursuant to Decision No. 3430/QD-BTC dated October 23, 2007, of the Minister of Finance establishing the Inter-ministerial Working Group to examine and resolve existing issues regarding the localization ratio tax for two-wheeled motorcycles in 2001 and the operational regulations of the inter-ministerial working group according to this Decision.
Pursuant to the minutes of the working session on examining and resolving existing issues regarding the localization ratio tax settlement for two-wheeled motorcycles in 2001 of Hoang Chung Trading Limited Company on February 3, 2010, by the Inter-ministerial Working Group.
Considering the proposal of Hoang Chung Trading Limited Company in Official Letter No. 36/09/HCG-TCHQ dated November 18, 2009, requesting a re-examination of the localization ratio tax settlement for two-wheeled motorcycles in 2001 and the documentation provided by the company regarding the localization ratio tax settlement for two-wheeled motorcycles in 2001.
DECISION:
Article 1. Applying the import tariff rate for sets of two-wheeled motorcycle parts (by each brand) imported by Hoang Chung Trading Limited Company under the localization ratio tax policy in 2001 (including the portion of parts imported beyond capacity if any, as per Official Letter No. 595/CV-CNCL dated February 22, 2002, of the Ministry of Industry) as follows:
|
Serial number |
Type of Vehicle (Brand) |
Quantity |
Import Tariff Rate Applied (%) |
Remarks |
|
1 |
FULJIR 110K |
15,500 |
15% |
|
|
2 |
FULJIR 100 |
3,000 |
30% |
|
|
21,500 |
15% |
|
Article 2. Based on the import tariff rates specified in Article 1 for each type (brand) of vehicle, enterprises shall calculate the amount of import tax payable according to the regulations based on the import declaration forms and actual imported goods; In cases where the same type of vehicle is imported through different import declarations with different applicable import tariff rates as stipulated in Article 1, enterprises must declare to customs authorities according to the principle of declaring first for the import declaration with the higher tariff rate to implement the calculation of taxes for specific import declarations.
Enterprises shall bear full responsibility under the law for their declarations to customs authorities.
The customs authority where enterprises import two-wheeled motorcycle parts under the localization ratio tax policy in 2001 shall be responsible for receiving and checking the declarations made by enterprises to collect the remaining import tax or refund tax according to the regulations.
The processing of refunded tax (if any) shall be carried out in accordance with Article 130 of Circular No. 79/2009/TT-BTC dated April 20, 2009, of the Ministry of Finance.
Article 3. This Decision takes effect from the date of issuance, replacing Decision No. 2640/QD-BTC dated November 24, 2008, of the Ministry of Finance. Any import tariffs applied to sets of two-wheeled motorcycle parts imported by Hoang Chung Trading Limited Company under the localization ratio tax policy in 2001 that are inconsistent with this Decision shall be abolished.
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Place of Receipt: |
DEPUTY MINISTER |
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