Implementation of WTO commitments , the date 01/01/2014 , 170 import tariffs will be cut . Besides consumers access to cheaper goods , the tax reduction is also significant challenges for enterprises in the country .
CongThuong – Ministry of Finance issued Circular No. 164/2013/TT-BTC of export tariffs , import ( NK ) incentives on the list of taxable items . Accordingly Adjust tax rate of some import tariffs in accordance with WTO commitments in 2014 , amended the unreasonable tax rates between the single products imported materials and components imported for the manufacture assembly of single products , to increase the tax rate of a preferential import tariff lines under Directive No. 09/CT-TTg to encourage production and increase the competitiveness of domestically produced products .
In addition to reduction under the WTO commitments , the Ministry of Finance to adjust import tariffs of some items outside commitments . Accordingly , more than 460 tariff lines of goods imports will not increase the tax incentive in 2014 , such as mackerel , lobster , crab … 2-5 % increase ; restaurant serves food industries such as palm oil , groundnut oil , castor oil rose by 5 % maximum tax …
For import duty under WTO commitments , there are 393 tariff lines subject to cuts . However, 223 tariff lines , tariff rates prevailing in 2013 is lower than or equal to the WTO in 2014 to only 170 tariff lines must reduce tax rates to the level of commitment. The adjustment of the tax rate and the tax bracket abide by the Standing Committee of the National Assembly .
Cohort , from 1.1.2014 , a tax rate of 0% import duty incentives for certain groups of products are applicable import tax rate is 2 % , such as wireless landline phone ; microphones , speakers used in telecommunications , video tapes , cable telephone , telegraph and radio relay cables … , food items such as : Rainbow trout , Atlantic salmon , herring declined from 12 % to 10 % ; butter decreased from 14 % to 13 % ; product bending or straightening hair , hair spray also proposed reducing the rate of import duty from 17 % to 15 % .
Notably , the preferential import duty rates in 2014 are not applicable to automobile travel Used 15 seats of headings 87.02 and 87.03 . The type of automobile travel continues to impose import duty in accordance with the current regulations . Example : A car passenger seats from 9 used having a cylinder capacity less than 1,000 cc import duty payable $ 5,000 ; capacity less than 1,500 cc 1,000 to $ 10,000 pay import duty ( before 20/ 6 / 2013 only two types of cars to pay import duty and $ 3,500 , respectively, $ 8,000 ) .
According to the Ministry of Finance , after adjusting the rate of 170 tariff lines under WTO commitments , the total tax rate in the preferential import tariffs incurred are 37 levels . Tax rates average import incentives entire preferential import tariffs will be reduced from 10.42 % to 10.37 % . Tax revenues will decrease NK 506 billion ( assuming MFN taxable turnover in 2014 is equal to $ 48 billion in 2013 ) .
Mr. Nguyen Huu Tin – Tin Director of Development Import & Export Company ( Hanoi) – that tax cuts do not affect NK lot , by Tin Phat is now importing food . Tax reduction , companies are willing to reduce prices and stimulate demand . Thus , the tax reduction will facilitate consumer access products .
However, he also asserted Credit : More worrisome is the business of production, processing items in the list of tax breaks . Without technological innovation , improve quality , competitiveness is highly susceptible to dislodge imported goods , especially commodities seafood ; accessories for production lines .