VCN – The Ministry of Finance issued Circular 95/2018/TT-BTC on abolishing a number of Circulars in import-export duty field.
|Import – export tax and VAT policies for import – export goods of electricity project will be abolished. (In the photo: Professional activities at Mong Cai Customs Branch – Quang Ninh province). Photo: T.Trang|
Accordingly, Circular 95/2018/TT-BTC abolishes all legal documents promulgated previously by the Minister of Finance, specifically:
Circular No. 35/2010/TT-BTC dated 12/3/2010 of the Minister of Finance guiding the export tax on timber and coke produced from all imported raw materials;
Circular No. 118/2011/TT-BTC dated 16/8/2011 of the Minister of Finance guiding the import tax and value added tax on imported goods of electricity projects;
Circular No. 10/2015/TT-BTC dated 29/01/2015 of the Minister of Finance detailing the implementation of the Decision No. 54/2014/QD-TTg dated 19/9/2014 of the Prime Minister on the import tax exemption for components imported for production and assembly of medical equipment that need to be prioritized for research and manufacture.
Circular 95 will take effect from 1/12/2018.
By Thu Trang/Thanh Thuy