Decision No. 71/2008/QD-BTC amends preferential import tax rates for certain groups of goods, applicable from September 15, 2008.
Key points
- Enterprises → shall be subject to reduced or increased preferential import tax rates for specific goods → new tax rates shall apply from September 15, 2008.
- Customs authorities → must adjust the preferential import tariff schedule according to this decision and collect taxes at the new rates.
- Enterprises → shall not use customs declarations registered before September 15, 2008, to apply the old tax rates.
- Customs authorities → are responsible for publishing this decision in the Official Gazette and notifying enterprises thereof.
🌐 Social impact of this document
- Enterprises will save on import costs if the tax rate is reduced, but may also face financial burdens if the tax rate increases.
- Consumers may see changes in the prices of certain imported goods, either increasing or decreasing depending on the new applied tax rate.
❓ Frequently asked questions
When does the new tax rate take effect?
The new tax rate is applicable from September 15, 2008.
Can enterprises use customs declarations registered before September 15, 2008, to apply the old tax rate?
No, enterprises are not allowed to use customs declarations registered before September 15, 2008, to apply the old tax rate.
What responsibilities do Customs authorities have?
Customs authorities must adjust the preferential import tariff schedule according to this decision and collect taxes at the new rates, while also publishing the decision in the Official Gazette.
Which specific goods does this decision apply to?
This decision only amends preferential import tax rates for certain groups of goods specified in Decision No. 106/2007/QD-BTC.
Full text
Pursuant to …;
REGARDING THE AMENDMENT OF THE RATE OF THE MOST-FAVORED-NATION IMPORT DUTY APPLICABLE TO CERTAIN GROUPS OF GOODS
IN THE LIST OF IMPORT DUTIES FOR MOST-FAVORED-NATION TREATMENT IN THE LIST OF IMPORT DUTIES FOR MOST-FAVORED-NATION TREATMENT
__________________
THE MINISTER OF FINANCE
Pursuant to the Law on Export Tax, Import Tax No. 45/2005/QH11 dated June 14, 2005;
WHEREAS Decision No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly on the issuance of the Export Tax Tariff according to the list of taxable goods categories and tax rate ranges for each category, the Import Duty Tariff for Most-Favored-Nation Treatment according to the list of taxable goods categories and preferential duty rate ranges for each category;
WHEREAS Decree No. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax;
WHEREAS Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
WHEREAS Resolution No. 10/2008/NQ-CP dated April 17, 2008 of the Government on measures to control inflation, stabilize macroeconomic conditions, ensure social welfare, and achieve sustainable growth;
At the proposal of the Director of the Department of Tax Policy,
DECISION:
Article 1. AMEND THE RATE OF THE MOST-FAVORED-NATION IMPORT DUTY OF CERTAIN GROUPS OF GOODS AS STIPULATED IN Decision No. 106/2007/QD-BTC dated December 20, 2007 of the Minister of Finance INTO NEW RATES OF THE MOST-FAVORED-NATION IMPORT DUTY AS SET OUT IN THE ATTACHED LIST AND APPLY TO CUSTOMS DECLARATIONS FOR IMPORTED GOODS REGISTERED WITH CUSTOMS AUTHORITIES FROM SEPTEMBER 15, 2008.
Article 2. THIS DECISION SHALL TAKE EFFECT 15 DAYS AFTER ITS PUBLICATION IN THE CONCURRENT DOCUMENT./.
DEPUTY 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: