Decision No. 71/1999/QĐ-BTC amends Article 3 of Decision No. 1944/1998/QD-BTC, providing for preferential import tax rates for products and spare parts in the mechanical-electrical-electronic industry. The maximum applicable rate is until December 31, 2000.
Đối tượng áp dụng
Enterprises importing products and spare parts in the mechanical-electrical-electronic industry.
Các điểm cốt lõi
- For products and spare parts with preferential import tax rates below 30%, they will continue to be applied according to Circular No. 50A TC/TCT dated July 31, 1997 of the Ministry of Finance.
- Products and spare parts subject to import tax based on domestic content rates with preferential import tax rates of 30% or higher but confirmed by the Ministry of Industry that there are no spare parts or components available domestically for product localization will continue to be applied according to Circular No. 50A TC/TCT dated July 31, 1997 of the Ministry of Finance.
- The period for applying import taxes as stipulated in Circular No. 50A TC/TCT dated July 31, 1997 of the Ministry of Finance shall be determined by the Ministry of Industry, not exceeding December 31, 2000.
🌐 Tác động xã hội từ văn bản này
- This allows enterprises time to localize products, reduce import costs, and enhance the development of the domestic industry.
- However, applying preferential tax rates for certain products may increase the risk of smuggling or tax evasion.
❓ Câu hỏi thường gặp
What is the preferential import tax rate?
Preferential import tax rates below 30% will continue to be applied according to Circular No. 50A TC/TCT dated July 31, 1997 of the Ministry of Finance.
How long is the application period for this tax rate?
The period for applying import taxes as stipulated in Circular No. 50A TC/TCT dated July 31, 1997 of the Ministry of Finance shall be determined by the Ministry of Industry, not exceeding December 31, 2000.
Who is eligible for preferential tax rates?
Products and spare parts in the mechanical-electrical-electronic industry with preferential import tax rates below 30%, or those subject to import tax based on domestic content rates with preferential import tax rates of 30% or higher but confirmed by the Ministry of Industry that there are no spare parts or components available domestically for product localization.
What conditions must be met to apply preferential tax rates?
Products and spare parts in the mechanical-electrical-electronic industry with preferential import tax rates below 30%, or those subject to import tax based on domestic content rates with preferential import tax rates of 30% or higher but confirmed by the Ministry of Industry that there are no spare parts or components available domestically for product localization.
How long is the application period for preferential tax rates?
The period for applying import taxes as stipulated in Circular No. 50A TC/TCT dated July 31, 1997 of the Ministry of Finance shall be determined by the Ministry of Industry, not exceeding December 31, 2000.
Toàn văn
|
MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
|
NUMBER: 71/1999/DEC/BTC |
HA NOI, July 6, 1999 |
Pursuant to …;
OF THE MINISTER OF FINANCE NUMBER 71/1999/DEC/BTC
JULY 6, 1999 REGARDING AMENDMENTS TO ARTICLE 3
DECISION NO. 1944/1998/DEC/BTC DATED DECEMBER 25, 1998
OF THE MINISTER OF FINANCE
THE MINISTER OF FINANCE
Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of Ministries and ministerial-level agencies;
BASED ON DECREE NO. 178/CP DATED OCTOBER 28, 1994 OF THE GOVERNMENT ON THE TASKS, POWERS AND ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF FINANCE;
BASED ON THE IMPLEMENTATION SITUATION OF DECISION NO. 1944/1998/DEC/BTC DATED DECEMBER 25, 1998 OF THE MINISTER OF FINANCE ON THE ISSUANCE OF REGULATIONS ON IMPORT DUTY RATES FOR PREFERENTIAL IMPORT DUTIES ACCORDING TO THE LEVEL OF DOMESTIC CONTENT FOR PRODUCTS AND PARTS IN THE MECHANICAL-ELECTRICAL-ELECTRONICS INDUSTRY;
BASED ON THE OPINION OF THE MINISTRY OF INDUSTRY IN LETTER NO. 2693/CV-CNCL DATED JUNE 28, 1999 AND THE OPINION OF THE GENERAL CUSTOMS DEPARTMENT IN LETTER NO. 3460/TCHQ-KTTT DATED JUNE 26, 1999;
At the proposal of the Director General of the General Department of Taxation.
Pursuant to …;
Article 1. AMENDING ARTICLE 3 OF DECISION NO. 1944/1998/DEC/BTC DATED DECEMBER 25, 1998 OF THE MINISTER OF FINANCE AS FOLLOWS:
FOR PRODUCTS AND PARTS IN THE MECHANICAL-ELECTRICAL-ELECTRONICS INDUSTRY THAT DO NOT HAVE STANDARDS FOR SKD, CKD, OR IKD ASSEMBLIES AND FALL INTO THE FOLLOWING CASES, THE IMPORT DUTY RATE SHALL CONTINUE TO BE APPLIED ACCORDING TO CIRCULAR NO. 50A TC/TCT DATED JULY 31, 1997 OF THE MINISTRY OF FINANCE:
a) PRODUCTS AND PARTS WITH A PREFERENTIAL IMPORT DUTY RATE UNDER 30%.
b) PRODUCTS AND PARTS SUBJECT TO PAYMENT OF DUTY ACCORDING TO THE LEVEL OF DOMESTIC CONTENT WITH A PREFERENTIAL IMPORT DUTY RATE OF 30% OR MORE BUT CONFIRMED BY THE MINISTRY OF INDUSTRY THAT THERE ARE NO PARTS OR COMPONENTS AVAILABLE IN THE DOMESTIC MARKET TO SUPPORT THE DOMESTIC PRODUCTION OF SUCH PRODUCTS AND PARTS. THE APPLICATION PERIOD OF THE IMPORT DUTY RATE AS PROVIDED IN CIRCULAR 50A TC/TCT DATED JULY 31, 1997 OF THE MINISTRY OF FINANCE SHALL BE DETERMINED BY THE MINISTRY OF INDUSTRY BUT SHALL NOT EXCEED DECEMBER 31, 2000.
Article 2. THIS DECISION SHALL TAKE EFFECT FROM THE DATE 01/ 7/1999.
PHAM VAN TRONG
(SIGNED)
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