Applying import duty of 10 percent for dump trucks

(VEN) – The Ministry of Finance proposed to the prime minister to handle taxes for imported dump trucks in the 2008-2009 period.

The Ministry of Finance said that, on June 2, 2010, the ministry submitted to the prime minister a report in terms of handling taxes for dump trucks. According to a report:
 In terms of imported vehicles before 2007, these dump trucks are not subject to any taxes.
Imported dump trucks in the 2008-2009 period are not subject to any taxes because businesses paid import duty of 10 percent.
In terms of imported vehicles from December 22, 2009 to April 25, 2010, the ministry suggested that a tax rate of 10 percent will be applied because these trucks are used in the construction of infrastructure. Businesses paid a tax rate of 20 percent for these trucks will receive tax reimbursement.
In Official Correspondence 3961/VPCP-KTTH dated June 9, 2010, former Deputy Prime Minister Nguyen Sinh Hung agreed with this proposal of the Ministry of Finance.
According to a report of customs units, as of May 30, 2013, in the period from January 1, 2008 to December 21, 2009, some businesses were applied a tax rate of 10 percent. However, some other businesses were applied a tax rate of over 10 percent. Therefore, these businesses will receive tax reimbursement.                
The Ministry of Finance also said that the ministry received a number of suggestions of some businesses in order to refund 10 percent of taxes for them with imported dump trucks in the 2006-2007 period. These businesses also suggested that in terms of dump trucks in the period from January 1, 2008 to December 21, 2009 with gross weight of 24 tonnes to less than 45 tonnes, the ministries should apply a tax rate of 10 percent instead of 20 percent.
The Ministry of Finance said that to ensure fair tax policies for businesses, the ministry submitted to the prime minister to apply a tax rate of 10 percent for imported dump trucks in the period from January 1, 2008 to December 21, 2009 and would not handle with cases arising in the 2006-2007 period and in the period from December 22, 2009 to April 25, 2010./.
Trung Kien

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