Circular No. 72/2012/TT-BTC stipulates preferential import tax rates for certain items under subheading 2710, replacing Circular No. 39/2012/TT-BTC. This document provides guidance on implementing new regulations regarding tax rates for these items.
Key points
- Items under subheading 2710 → shall have their preferential import tax rates adjusted according to the List attached to this Circular.
- This Circular takes effect from the date of issuance and replaces Circular No. 39/2012/TT-BTC.
🌐 Social impact of this document
- Citizens/businesses must comply with the new tax rates, which may affect import costs and product prices.
- Enterprises engaged in petroleum products trade need to adjust their import plans to align with the new tax rate.
❓ Frequently asked questions
What is the new preferential import tax rate for items under subheading 2710?
The new preferential import tax rates are specified in the List attached to this Circular, with each item having different tax rates.
To whom does this Circular apply?
This Circular does not specify the applicable entities explicitly, but based on its content, it applies to enterprises importing items under subheading 2710.
When does this Circular take effect?
This Circular takes effect from the date of issuance and replaces Circular No. 39/2012/TT-BTC.
How many items does the new preferential import tax rate apply to?
This Circular adjusts the preferential import tax rates for certain items under subheading 2710, with specific items listed in the List attached to this Circular.
What penalties will enterprises face if they do not comply with this Circular?
This Circular does not provide penalty provisions, but enterprises should comply to avoid legal risks.
Full text
CIRCULAR
Guidelines for implementing preferential import tariff rates for certain goods
belonging to group 2710 in the Preferential Import Tariff Schedule
________________________
Pursuant to the Law on Export Tax and Import Tax dated June 14, 2005;
Pursuant to Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly on issuing the Export Tax Schedule according to the list of taxable commodity groups and tax rate ranges for each group, the Preferential Import Tax Schedule according to the list of taxable commodity groups and preferential tax rate ranges for each group;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing certain provisions of the Law on Export Duties and Import Duties;
Pursuant to the Government Decree No. 187/2013/NĐ-CP dated November 20, 2013 detailing the implementation of the Law on Commerce regarding international trade activities and foreign-related agency purchase, sale, processing, and transit of goods;
Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of Director of the Tax Policy Department;
The Minister of Finance issues this Circular guiding the implementation of preferential import tariff rates for certain goods under subheading 2710 in the Preferential Import Tax Schedule.
Article 1. Preferential import tariff rates for certain goods under subheading 2710 in the Preferential Import Tax Schedule
Adjust the preferential import tariff rates for certain goods under subheading 2710 specified in the Preferential Import Tax Schedule issued by Circular No. 39/2012/TT-BTC dated March 8, 2012 of the Ministry of Finance guiding the implementation of preferential import tariff rates for certain goods under subheading 2710 in the Preferential Import Tax Schedule to new preferential import tariff rates as stipulated in the List attached hereto.
Article 2. Effectiveness
This Circular takes effect from the date of signature and replaces Circular No. 39/2012/TT-BTC dated March 8, 2012 of the Ministry of Finance guiding the implementation of preferential import tariff rates for certain goods under subheading 2710 in the Preferential Import Tax Schedule./.
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