Tổng số bài đăng 288.
Facing the proposal for guidance from Rita Vietnam Industry JSC regarding value-added tax (VAT) policy for imported goods under Decree 15/2022/ND-CP, the General Department of Customs said, based on current regulations, steel cable products are not subject to VAT reduction.
According to the provisions of Clause 1, Article 1 of Decree 15/2022/ND-CP, VAT reduction is applied to goods and services which are currently subject to the tax rate of 10%, except for the following goods and services: telecommunications, financial activities, banking, securities, insurance, real estate, metals and prefabricated metal products, mining products (excluding coal mining), coke, refined oil and chemical products.
Also in Appendix 1, the list of goods and services not eligible for VAT reduction is specified: Heading 7 (code 7-2599939), Heading 8 (name of products – other products of base metal which have not yet been classified), Heading 9 (Contents - consisting of: anchors, hooks and iron or steel parts thereof; bells, gong bells and the like of base metal without using electricity, other aluminum products, not elsewhere classified; other products of lead, zinc, and tin, not elsewhere classified; other products of copper, not elsewhere classified; other products of nickel, not elsewhere classified; other metal products, not elsewhere classified). For example woven sheets, nets, aluminum nets; thread, bobbin core, aluminum silk reel or examples: rods, shapes and lead wires; pipes, conduits and fittings of pipes or conduits; gutters, roofs, pipes and fittings of pipes or conduits, of zinc; plates, strips, Heading 10 (HS code with *).
In the notes section (at the end of Appendix 1), there is a regulation: "Lines with an asterisk (*) in Heading 10, enterprise shall declare HS codes according to the actual imported goods".
According to current regulations, the General Department of Customs said that steel cable products imported by Rita Vietnam Industry JSC are not subject to VAT reduction as prescribed in Decree 15/2022/ND-CP.
Source: Customs News
