Circular No. 117/2000/TT-BTC dated December 21, 2000 of the Ministry of Finance supplementing and amending a number of points in the Finance Ministry’s Circular No. 40/2000/TT-BTC of May 15, 2000 guiding the implementation of the Prime Minister’s Decision No. 176/1999/QD-TTg of August 26, 1999 on import tax exemption for materials and raw materials

Summary
Content
Status
Vietnamese
Download

Error message

Font size:

ATTRIBUTE

Issuing body:	Ministry of Finance	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	117/2000/TT-BTC	Signer:	Vu Van Ninh
Type:	Circular	Expiry date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Issuing date:	21/12/2000	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Policy , Tax - Fee - Charge

For more details, click here.

Download files here.

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

Effect status: Known

THE MINISTRY OF FINANCE -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ----------
No: 117/2000/TT-BTC	Hanoi, December 21, 2000

CIRCULAR

SUPPLEMENTING AND AMENDING A NUMBER OF POINTS IN THE FINANCE MINISTRY’S CIRCULAR No. 40/2000/TT-BTC OF MAY 15, 2000 GUIDING THE IMPLEMENTATION OF THE PRIME MINISTER�S DECISION No. 176/1999/QD-TTg OF AUGUST 26, 1999 ON IMPORT TAX EXEMPTION FOR MATERIALS AND RAW MATERIALS

Pursuant to the Prime Minister’s Decision No. 176/1999/QD-TTg of August 26, 1999 on import tax exemption for materials and raw materials;
Pursuant to the Prime Minister’s directing opinions in the Government Office’s Official Dispatch No. 4537/VPCP-KTTH of October 18, 2000;
After consulting with the Ministry of Planning and Investment, the Ministry of Trade, the Ministry of Industry and the General Department of Customs, the Ministry of Finance hereby guides the amendments and supplements to a number of points in its Circular No. 40/2000/TT-BTC of May 15, 2000 guiding the implementation of the Prime Minister’s Decision No. 176/1999/QD-TTg of August 26, 1999 on import tax exemption for materials and raw materials, as follows:

I. TO SUPPLEMENT SECTION I - SUBJECTS AND SCOPE OF APPLICATION OF TAX EXEMPTION, AS FOLLOWS:

To supplement and amend Point 1 as follows:

- Investment projects on the list of projects where investment is encouraged, and investment projects in mountainous, deep-lying and remote areas shall enjoy import tax exemption for materials, raw materials and semi-finished products, which can not be produced at home yet or can be produced but fail to meet the required quality standards, in service of the production under the projects, for a period

1. Investment projects on the list of projects where investment is specially encouraged, list of projects where investment is encouraged, and investment projects in mountainous, deep-lying and remote areas specified in Appendix I to the Government’s Decree No. 10/1998/ND-CP of January 23, 1998 on a number of measures to encourage and secure foreign direct investment activities in Vietnam and Article 11 of the Prime Minister’s Decision No. 53/1999/QD-TTg of March 26, 1999 on a number of measures to encourage foreign direct investment in Vietnam;

Projects where investment is encouraged, with trade and/or production lines compatible with List A and investment projects in geographical areas meeting with extremely difficult socio-economic conditions specified in List C of the Appendix, issued together with the Government’s Decree No. 51/1999/ND-CP of July 3, 1999 detailing the implementation of Domestic Investment Promotion Law (amended) No. 03/1998/QH10;

II. TO AMEND SECTION II- TAX EXEMPTION PROCEDURES AND DOSSIERS, AS FOLLOWS:

1. To annul the regulation in the fourthem rule, Points 1 and 2 of Section II: "- The investment preference certificate issued by the competent agencies, which clearly states the subjects entitled to import tax exemption for materials, raw materials and semi-finished products, which cannot be produced at home or can be domestically produced but fail to meet the required quality standards; the tax exemption duration."

To replace the above regulation with the following:

- For domestic enterprises, the business registration certificates granted by competent agencies, which clearly states the production and business lines strictly compatible with List A, or the investment projects in geographical areas with extremely difficult socio-economic conditions, on List C of the Appendix issued together with the Government’s Decree No. 51/1999/ND-CP of July 8, 1999 detailing the implementation of the Domestic Investment Promotion Law (amended) No. 03/1998/QG10;

2. For the projects entitled to enjoy preferences under certain conditions such as the percentage of export products, the percentage of domestic raw materials and supplies to be used, intensive labor employment, the enterprises shall, annually (February 15 at the latest), have to report to the Ministry of Trade the situation on the implementation of the percentage of export products, percentage of domestic raw materials and supplies to be used, and the intensive labor employment in the previous year, which shall serve as basis for consideration and issuance of lists of materials, raw materials and semi-finished products entitled to import tax exemption for the following year. At the same time, the enterprises shall have to send such reports to the provincial/municipal Customs Departments where the import procedures for their goods are carried out and to their directly managing tax offices for use as basis for the final settlement of duty-free materials, raw materials and semi-finished products. If the enterprises fail to ensure the percentage of export products, percentage of domestic materials and supplies to be used, and employment of intensive labor as prescribed, they shall have to pay the import tax arrears already exempted, corresponding to the quantity products not exported.

III. IMPLEMENTATION ORGANIZATION

This Circular takes effect as from the effective date of the Finance Ministry’s Circular No. 40/2000/TT-BTC of May 15, 2000. The previous regulations, which are contrary to the provisions of this Circular, are hereby annulled.

FOR THE MINISTER OF FINANCE
VICE MINISTER

Vu Van Ninh

Please log in to a subscriber account to see the full text. Don’t have an account? Register here

Processing, please wait...

LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

Official Gazette

Others

* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers

For further support, please call 19006192

ATTRIBUTE

VIETNAMESE DOCUMENTS

ENGLISH DOCUMENTS

SAME CATEGORY

Circular No. 73/2024/TT-BTC dated October 21, 2024 of the Ministry of Finance prescribing the rates of, exemption from, collection and payment of, the fee for renewal or re-issuance of identity cards

Circular No. 116/2000/TT-BTC dated December 19, 2000 of the Ministry of Finance guiding the regime of management and use of fees for aquatic product quality, safety and hygiene control

Decision No. 200/2000/QD-BTC dated December 18, 2000 of the Ministry of Finance annulling the levels of fees for quotas of a number of textile and garment products to be exported to the EU and Canadian markets

Decree No. 77/2000/ND-CP dated December 15, 2000 of the Government readjusting the minimum wage level and the levels of subsidy and cost-of-living allowance applicable to subjects enjoying wage, allowances, subsidies and cost-of-living allowance