Decision No. 86/2007/QD-BTC amends temporarily the preferential import tax rates for certain items in the Preferential Import Tariff Schedule, applicable to customs declarations from the date of its effective implementation.
Key points
- The Ministry of Finance amends temporarily the preferential import tax rates for certain items in the Preferential Import Tariff Schedule issued pursuant to Decision No. 39/2006/QD-BTC, applicable to customs declarations from the date of its effective implementation.
- This Decision shall take effect fifteen days after its publication in the Official Gazette and shall apply to customs declarations for imported goods registered with customs authorities from the date of its effective implementation until a new Decision is issued by the Minister of Finance.
- The preferential import tax rates are amended temporarily and applied to items listed in the Preferential Import Tariff Schedule.
- This Decision shall take effect fifteen days after its publication in the Official Gazette and shall apply to customs declarations from the date of its effective implementation.
- Legal basis → based on the Export Tax Law, Import Tax Law No. 45/2005/QH11; Resolution No. 977/2005/NQ-UBTVQH11; Decree No. 149/2005/NĐ-CP; Decree No. 77/2003/NĐ-CP; Directive No. 18/2007/CP-TTg.
🌐 Social impact of this document
- Citizens and businesses must adjust their import plans according to the new tax rates, which may affect production and business costs.
- Businesses have the opportunity to reduce import costs if the items they import are adjusted to lower preferential import tax rates.
❓ Frequently asked questions
When does this Decision take effect?
This Decision shall take effect fifteen days after its publication in the Official Gazette and shall apply to customs declarations for imported goods registered with customs authorities from the date of its effective implementation.
How are the new preferential import tax rates amended?
The Ministry of Finance will amend temporarily the preferential import tax rates for certain items in the Preferential Import Tariff Schedule issued pursuant to Decision No. 39/2006/QD-BTC, applicable to customs declarations from the date of its effective implementation.
What is the legal basis for this Decision?
This Decision is based on the Export Tax Law, Import Tax Law No. 45/2005/QH11; Resolution No. 977/2005/NQ-UBTVQH11; Decree No. 149/2005/NĐ-CP; Decree No. 77/2003/NĐ-CP; Directive No. 18/2007/CP-TTg.
To which items does this Decision apply?
The Ministry of Finance will amend temporarily the preferential import tax rates for certain items in the Preferential Import Tariff Schedule issued pursuant to Decision No. 39/2006/QD-BTC.
Until when is this Decision effective?
This Decision applies to customs declarations from the date of its effective implementation until a new Decision is issued by the Minister of Finance.
Full text
Pursuant to …;
Regarding the temporary determination of preferential import tax rates for certain items in the Preferential Import Tariff Schedule
___________________
THE MINISTER OF FINANCE
Pursuant to the Law on Export Duties and Import Duties No. 45/2005/QH11 dated June 14, 2005;
Pursuant to Resolution No. 977/2005/NQ-UBTVQH11 dated December 13, 2005 of the Standing Committee of the National Assembly on the issuance of the Export Tariff Schedule according to the list of taxable goods categories and tax rate brackets for each category, and the Preferential Import Tariff Schedule according to the list of taxable goods categories and preferential tax rate brackets for each category;
Pursuant to Decree No. 149/2005/ND-CP dated December 8, 2005 of the Government detailing the implementation of the Law on Export Tax and Import Tax;
Pursuant to Decree No. 77/2003/ND-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Directive No. 18/2007/CT-TTg dated August 1, 2007 of the Prime Minister on urgent measures to control the rate of price increase in the market;
Considering the fluctuations in world and domestic market prices affecting consumption, production, business operations, and domestic construction investment.
At the proposal of the Director of the Tax Policy Department and the Director of the Price Management Department,
DECISION:
Article 1. Amend temporarily the preferential import tax rates of certain items in the Preferential Import Tariff Schedule issued together with Decision No. 39/2006/QD-BTC dated July 28, 2006, which has been amended and supplemented by Decisions No. 78/2006/QD-BTC dated December 29, 2006, and Decision No. 69/2007/QD-BTC dated August 3, 2007 of the Minister of Finance, to new preferential import tax rates as specified in the List attached to this Decision.
Article 2. This Decision takes effect fifteen days from the date of publication in the Official Gazette and applies to customs declarations for imported goods registered with customs authorities from the date this Decision comes into effect until a new Decision is issued by the Minister of Finance./.
DEPUTY MINISTER
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