Vietnam's import tax adjustment for machinery products

According to the "Vietnamese Economic Times" reported on July 27, the Ministry of Finance has recently issued notices on preferential import and export tariffs for Taiwan's imports and exports. From March 2nd, 2009 to December 31st, 2015, some machinery equipment will be produced or constructed. The required materials and spare parts are subject to tax reduction preferential treatment, including the lifting gantry over 50 tons, the bridge foot over 30 tons, the crane over 10 tons, the crane chain over 50 tons, the tire crane over 50 tons, the offshore crane over 20 tons And more than 5 tons of tower cranes, diesel engines above 800 hp, 1.5 tons to the upper billet continuous casting, high alloy casting, shipbuilding steel and various types of agricultural machinery (agriculture and fishery farming, harvesting, storage, processing).

Enterprises importing or importing lifting equipment supplies and accessory products must confirm their import qualifications through the Steering Committee of the Key Mechanical Products Project. Imported or agency importing companies must promise to use imported products for the production of lifting equipment. If the above conditions are not met or the imported products are used for other purposes, the imported products will be taxed according to the preferential import tax amount at the time of registration of customs declaration forms.