IT components get preferential tax treatment

Tuesday, Jul 21, 2015 13:17

A worker assemble mobile phones at a factory of Viettel Group. Imported vibrating motors will get a preferential tax rate of 0 per cent from August 13, 2015. — VNA/VNS Photo Phuong Chi

HA NOI (Biz Hub) — A preferential tax rate of 0 per cent will be imposed on imported materials, ancillary parts and components used for manufacturing major IT products from August 13, 2015.

This was stated in Circular No 101, issued on June 29, 2015, by the finance ministry (MoF).

Major IT products, regulated in Circular No 164 issued by the MoF on November 15, 2013, include laser-etched rubber keyboards with polyurethane coating and temperature resistance of 150 degrees Celsius, and vibrating motors for mobile phones of no more than 30mm diameter and a capacity of less than 0.5W.

Enterprises are required to register their list of imported materials, components and ancillary parts with sub-customs departments before importing the first batches of goods. While completing the customs procedures, the companies must submit official documents to request for a preferential tax rate for their imported items. — VNS

Comments (0)