Laws of Vietnam

DECISION

Amending preferential import tax rates of a number of commodity groups for implementation of the Protocol on accession of Vietnam to the Agreement establishing the world trade Organization (WTO)

THE MINISTER OF FINANCE

Pursuant to June 14, 2005 Law No. 45/2005/QH11 on Import Tax and Export Tax;

Pursuant to the National Assembly Standing Committee’s Resolution No. 977/2005/NQ-UBTVQH11 of December 13, 2005, promulgating the Export Tariff according to the List of taxable commodity groups and the tax rate bracket of each commodity group, and the Preferential Import Tariff according to the List of taxable commodity groups and the preferential tax rate bracket for each commodity group;

Pursuant to Resolution No. 71/2006/QH11 ratifying the Protocol on Accession of the Socialist Republic of Vietnam to the Agreement Establishing the World Trade Organization;

Pursuant to the Government’s Decree No. 77/2003/ND-CP of July 1, 2003, defining the functions, tasks, powers and organizational structure of the Finance Ministry;

Pursuant to Article 11 of the Government’s Decree No. 149/2005/ND-CP of December 8, 2005, detailing the implementation of the Law on Import Tax and Export Tax;

At the proposal of the director of the Tax Policy Department,

DECIDES:

Article 1.- To amend preferential import tax rates of a number of commodity groups promulgated together with the Finance Minister’s Decision No. 39/2006/QD-BTC of July 28, 2006, promulgating the Export Tariff and the Preferential Import Tariff, into new ones specified in the List of amended preferential import tax rates promulgated together with this Decision, for implementation of the Protocol on Accession of Vietnam to the Agreement Establishing the World Trade Organization. These new tax rates shall apply to declarations of imports registered with customs offices as from January 11, 2007.

Article 2.- This Decision takes effect 15 days after its publication in “CONG BAO.”