Dragon Law Firm - Công ty luật Dragon - Vietnam Law Firm, Hanoi Law, Saigon Law, Lawyer Nguyen Minh Long

Circular No.193/2012/TT-BTC dated November 15, 2012 of the Ministry of Finance promulgating the preferential import and export tariff according to the list of taxable products

18/01/2013

Download full document

Share |

THE MINISTRY OF FINANCE
-------

No. 193/2012/TT-BTC

SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
---------------

Hanoi, November 15, 2012

CIRCULAR

PROMULGATING THE PREFERENTIAL IMPORT AND EXPORT TARIFF ACCORDING TO THE LIST OF TAXABLE PRODUCTS

Pursuant to the Law on Export and import tax dated June 14^th 2005;

Pursuant to the National Assembly’s Resolution No. 71/2006/QH11 dated November 29^th 2006, approving Protocols on the participation in the Agreement on establishing the World Trade Organization of the Socialist Republic of Vietnam;

Pursuant to the Resolution No. 295/2007/NQ-UBTVQH12 dated September 28^th 2007 of the Standing Committee of the National Assembly, promulgating the Export tariff according to the list of taxable headings and the tax bracket on each heading, the preferential import tariff according to the list of taxable headings and preferential tax bracket on each heading

Pursuant to the Resolution No. 710/2008/NQ-UBTVQH12 dated November 22^nd 2008 of the Standing Committee of the National Assembly, amending the the Resolution No. 295/2007/NQ-UBTVQH12 dated September 28^th 2007;

Pursuant to the Resolution No. 830/2009/UBTV12 dated October 17^th 2009 of the Standing Committee of the National Assembly, amending and supplementing the Resolution No. 295/2007/NQ-UBTVQH12 dated September 28^th 2007 and the Resolution No. 710/2008/NQ-UBTVQH12 dated November 22^nd 2008;

Pursuant to the Government’s Decree No. 87/2010/NĐ-CP dated August 13^th 2010, detailing the implementation of a number of articles of the Law on Export and import tax;

Pursuant to the Government’s Decree No. 118/2008/NĐ-CP dated November 27^th 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance ;

At the proposal of the Director of the Tax Policy Department;

The Minister of Finance issues a Circular promulgating the preferential import and export tariff according to the list of taxable products.

Article 1. Promulgating the preferential import tariff and export tariff according to the list of taxable product:

1. The export tariff according to the list of taxable products in Annex I.

2. The preferential import tariff according to the list of taxable products in Annex II.

Article 2. The export tariff according to the list of taxable products

1. The export tariff according to the list of taxable products in Annex I includes the description (names of headings and products), the codes (a heading has 04 digits, a particular product has 08 digits), the export tax rates on the headings and products subject to export tax. When following the customs procedures, the customs declarant must specify the 8-digit product codes in the export tariff. If an exported product does not have a specific 8-digit code in the export tariff, the declarant must provide the 8-digit code of that product in the preferential import tariff in Section I Annex II enclosed with this Circular, and specify the export tax rate on the heading or sub-heading of products in the export tariff.

Example: Write the 8-digit code 4404.10.00 and the tax rate of 5% of heading 4404 when exporting coniferous wood.

2. If a product is not specified in the export tariff, the customs declarant must provide its corresponding 8-digit of that product in the preferential import tariff in Section I of Annex II enclosed with this Circular, and the export tax rate of 0%.

3. The export tax rate on exported goods produced or processed using imported materials:

a) The goods entirely produced or processed using imported materials are exempted from export tax. Paint, varnish, and screw attach to wood are considered accessories.

b) If the goods are produced or processed from imported materials and domestic materials, the export tax on the amount of exported goods proportional to the amount of imported materials used for producing and processing such exported goods is exempted. The amount exported goods produced or processed from domestic materials are subject to the export tax rate on such exported goods.

c) The dossier of application for the exemption of export tax on exported goods submitted to the Customs includes:

- The written application for the exemption of export tax on exported goods produced or processed from imported materials, specifying the amount and value of imported materials used for producing or processing exported goods; the amount of exported goods, the exempted export tax: submit 01 original;...