This circular of the Ministry of Finance provides guidance on preferential import tax rates for video projectors with screen projection capacity from 30 to 300 inches and over 300 inches, applicable to importing enterprises.
Scope of application
General Department of Customs; BNP Office Equipment Joint Stock Company
Key points
- For video projectors with a screen projection capacity from 30 to 300 inches, the preferential import tax rate is 20% (Article 1)
- For video projectors with a screen projection capacity over 300 inches, the preferential import tax rate is 5% (Article 1)
- The projector's capacity is determined according to the maximum level designed by the manufacturer (Article 2)
- The General Department of Customs instructs customs offices to inspect imported goods to calculate and collect taxes as prescribed (Article 3)
- This circular takes effect from the date of issuance
🌐 Social impact of this document
- Importing enterprises will have to comply with new tax rates, affecting import costs
- The General Department of Customs and customs offices are specifically instructed for accurate inspection and collection of taxes
❓ Frequently asked questions
What is the preferential import tax rate for projectors with a capacity under 300 inches?
20%
How is the projector's capacity determined?
According to the maximum level designed by the manufacturer
What responsibilities does the General Department of Customs have in implementing this circular?
Instruct customs offices to inspect imported goods to calculate and collect taxes as prescribed
Full text
LETTER
OF THE MINISTRY OF FINANCE NUMBER 5720 TC/TCT DATED DECEMBER 21, 2000
REGARDING IMPORT DUTY ON PROJECTORS
RESPECTED: - General Department of Customs
- BNP Office Equipment Joint Stock Company
In response to the letter number 108/BNP dated November 28, 2000 from BNP Office Equipment Joint Stock Company regarding the import duty rate for projectors with screen sizes ranging from 30 to 300 inches; the Ministry of Finance provides its opinion as follows:
BASED ON THE LIST OF IMPORT DUTY RATES FOR FAVORABLE TREATMENT ISSUED ACCOMPANIED WITH DECISION NUMBER 1803/1998/QĐ-BTC DATED DECEMBER 11, 1998 OF THE MINISTER OF FINANCE (EFFECTIVE FROM JANUARY 1, 1999); CIRCULAR NUMBER 37/1999/TT-BTC DATED APRIL 7, 1999 OF THE MINISTRY OF FINANCE GUIDING METHODS FOR CLASSIFYING GOODS ACCORDING TO THE LIST OF EXPORT TAX LISTS AND IMPORT TAX LISTS;
REFERRING TO THE EXPLANATORY GUIDE ON COMMODITIES FOR CUSTOMS COOPERATION COUNCIL WORLDWIDE; THEN:
PROJECTORS: TYPE WITH SCREEN SIZE 300 INCHES OR MORE, FAVORABLE TREATMENT IMPORT DUTY RATE IS 5%; TYPE WITH SCREEN SIZE LESS THAN 300 INCHES, FAVORABLE TREATMENT IMPORT DUTY RATE IS 20%.
THE PROJECTOR CAPACITY IS DEFINED AS THE MAXIMUM SIZE THAT CAN BE PROJECTED ONTO A SCREEN ACCORDING TO THE MANUFACTURER'S DESIGN.
WE REQUEST THE GENERAL DEPARTMENT OF CUSTOMS TO DIRECT PROVINCE AND CITY CUSTOMS BUREAUS TO CHECK IMPORTED GOODS TO CALCULATE AND COLLECT TAXES IN ACCORDANCE WITH REGULATIONS.
THE MINISTRY OF FINANCE RESPONDS SO THAT BNP OFFICE EQUIPMENT JOINT STOCK COMPANY IS AWARE.
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