THE MINISTRY OF FINANCE
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
----------
No.62/2004/TT-BTC
Hanoi, June 24, 2004
 
CIRCULAR
GUIDING THE APPLICATION OF VALUE ADDED TAX RATES ACCORDING TO THE PREFERENTIAL IMPORT TARIFFS
 
Pursuant to Value Added Tax (VAT) Law No. 02/1997/QH9 of May 10, 1997;
Pursuant to June 17, 2003 Law No. 07/2003/QH11 Amending and Supplementing a Number of Articles of the VAT Law;
Pursuant to the Government’s Decree No. 158/2003/ND-CP of December 10, 2003 detailing the implementation of the VAT Law and the Law Amending and Supplementing a Number of Articles of the VAT Law;
With a view to facilitating the VAT declaration and payment, the Finance Ministry hereby guides the application of the VAT rates according to the Preferential Import Tariffs as follows:
 
1. The Lists of goods and VAT rates applicable thereto (hereinafter called the VAT Lists for short), promulgated together with this Circular, have been drawn up on the basis of the Lists of goods in the Preferential Import Tariffs, promulgated together with the Finance Minister’s Decision No. 110/2003/QD-BTC of July 25, 2003. The goods in the VAT Lists are classified in the same way as the goods in the Preferential Import Tariffs, prescribed in the Finance Ministry’s Circular No. 85/2003/TT-BTC of August 29, 2003.