Exemption from import tax on agricultural machinery components for projects
The Ministry of Finance has just issued instructions on tax exemption for imported components and parts of machinery and equipment serving agricultural machinery manufacturing projects...
The Ministry of Finance has just issued Document No. 2717/BTC-TCHQ to the Customs Departments of provinces and cities regarding import tax on components and parts of agricultural machinery and equipment according to Decision No. 63/2010/QD-TTg dated October 15, 2010 of the Prime Minister.
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Accordingly, the Ministry of Finance provides guidance on exemption of import tax on components and parts of machinery and equipment serving agricultural machinery production projects to reduce post-harvest losses as follows: Import tax will be exempted on components and parts of machinery and equipment that cannot be produced domestically and are imported by organizations and individuals to serve agricultural machinery production projects to reduce post-harvest losses according to Decision No. 63/2010/QD-TTg dated October 15, 2010 of the Prime Minister.
Imported machinery and equipment components and parts exempted from tax for the project must meet the following conditions: Have an import declaration registered with the customs authority from January 10, 2013 onwards; Not on the list of equipment, machinery, spare parts, and specialized means of transport that can be produced domestically issued by the Ministry of Planning and Investment;
Imported by organizations and individuals on the List of organizations and individuals producing machinery and equipment to reduce post-harvest losses that are entitled to policies under Decision No. 63/2010/QD-TTg (list announced by the Ministry of Agriculture and Rural Development);
In accordance with the field of investment in manufacturing agricultural machinery, reducing post-harvest losses as stated in the investment license; In accordance with technical documents and installation diagrams of machinery and equipment; The number of imported components, parts and machinery and equipment must be in accordance with the production capacity of the organization or individual.
Tax exemption dossiers and procedures are implemented according to regulations in Article 103 of Circular No. 194/2010/TT-BTC dated December 6, 2010 of the Ministry of Finance./.
According to (vov.vn) - LT
