Quyết định 176/1999/QĐ-TTg

Article 1.- The investment projects on the list of projects where investment is encouraged and the investment projects in mountainous, remote and deep-lying areas are entitled to import tax exemption for raw materials, materials and semi-finished products which cannot be produced at home or have been produced but failed to meet the quality criteria.

The tax exemption period shall be five (5) years from the commencement of production and apply to both foreign-invested and Vietnamese enterprises.

Article 2.- The raw materials and materials eligible for import tax exemption as prescribed in Article 1 must be used for production; if they are used for other purposes, the exempt tax amount shall be retrospectively collected.

Article 3.- The Ministry of Planning and Investment shall assume the prime responsibility and coordinate with concerned ministries in issuing and announcing the list of raw materials and materials which have already been produced domestically.

Article 4.- This Decision takes effect 15 days after its signing.

Article 5.- The ministries, the heads of the ministerial-level agencies, the heads of the agencies attached to the Government and the presidents of the People�s Committees of the provinces and centrally-run cities shall have to implement this Decision.