This circular provides guidance on calculating VAT for imported steel pipe piles, specifying different rates depending on the time period.
Scope of application
Customs Departments of provinces and cities
Key points
- Steel pipe piles are subject to VAT from January 1, 1999, with a tax rate of 10%
- From September 1, 1999, this item is subject to a new tax rate of 5%
🌐 Social impact of this document
- Importing enterprises will incur additional costs for VAT, affecting the product cost
- End consumers may be indirectly affected by price increases due to businesses
- Customs Departments of provinces and cities are instructed on how to calculate VAT for this item
❓ Frequently asked questions
Are steel pipe piles subject to VAT?
Yes, this item is subject to VAT.
What is the VAT rate applicable to steel pipe piles?
From January 1, 1999 to August 31, 1999, the tax rate was 10%. From September 1, 1999 onwards, the tax rate decreased to 5%.
What is the responsibility of Customs Departments of provinces and cities?
Implement VAT calculation in accordance with guidance from the General Department of Customs.
Full text
LETTER
OF THE GENERAL DEPARTMENT OF CUSTOMS NO. 572/TCHQ-KTTT
DATE: FEBRUARY 15, 2000 REGARDING VALUE-ADDED TAX (VAT)
RESPECTED: Customs Departments of Provinces and Cities
BASED ON LETTER No. 7411/TCT/NV3 dated December 22, 1999 OF THE MINISTRY OF FINANCE concerning VAT on imported goods.
To implement uniformly the calculation of VAT for imported steel pipe piles, the General Department of Customs instructs units as follows:
Product: Steel pipe piles are subject to VAT with a rate of 10% (ten percent) applicable from January 1, 1999 and a rate of 5% (five percent) applicable from September 1, 1999.
The General Department of Customs informs units for their knowledge and implementation.
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