Circular No. 75/2009/TT-BTC stipulates preferential import tax rates for construction steel, applicable from April 20, 2009. Enterprises importing construction steel must comply with these new tax rates.
Scope of application
Enterprises importing construction steel
Key points
- Enterprises importing alloy steel belonging to groups 72.27, 72.28, 72.29 → must comply with the new tax rates specified in the List attached hereto.
- This Circular takes effect from the date of issuance and applies to customs declarations for imported goods registered from April 20, 2009.
🌐 Social impact of this document
- Enterprises will bear higher tax burdens than before, affecting production costs and product prices.
- Consumers may have to pay more for products using construction steel due to increased import costs.
❓ Frequently asked questions
What is the new tax rate?
The new tax rates are specified in the List attached hereto, specifically for alloy steel items belonging to groups 72.27, 72.28, 72.29.
When does this Circular take effect?
This Circular takes effect from the date of issuance and applies to customs declarations for imported goods registered from April 20, 2009.
Which steel products are affected?
Alloy steel belonging to groups 72.27, 72.28, 72.29 are the products affected by the new tax rates.
Is registration with the Customs authority required?
Enterprises importing construction steel must register customs declarations for imported goods with the Customs authority from April 20, 2009.
Will there be penalties if not complied with?
This Circular does not specify penalty provisions, but enterprises need to comply with the regulations to avoid legal risks.
Full text
CIRCULAR
Regarding supplementing Decision No. 106/2007/QĐ-BTC dated December 20, 2007 and other Decisions amending and supplementing by the Minister of Finance on import tax rates for construction steel
Construction steel
___________________________________
Pursuant to the Law on Export Tax, Import Tax No. 45/2005/QH11 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 the issuance of the Export Tariff according to the list of taxable goods categories and tariff ranges applicable to each category, the Preferential Import Tariff according to the list of taxable goods categories and preferential tariff ranges applicable to each category;
Pursuant to Decree No. 149/2005/NĐ-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax, Import Tax;
Pursuant to 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;
The Ministry of Finance guides the implementation of the preferential import tax rate for construction steel as follows:
Article 1. Import tax rate for construction steel.
Adjust the preferential import tax rate for certain alloy steel products under subheadings 72.27, 72.28, 72.29 as specified in Decision No. 106/2007/QĐ-BTC dated December 20, 2007 on the issuance of the Export Tariff, the Preferential Import Tariff, and other Decisions amending and supplementing by the Minister of Finance to new preferential import tax rates as specified in the List attached hereto.
Article 2. Effective Date.
This Circular takes effect from the date of signature and applies to import declaration forms registered with customs authorities from April 20, 2009./.
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: