MoF to raise rubber export taxes

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Báo ĐCS English - 77 month(s) ago 16 readings

MoF to raise rubber export taxes

Photo: Vu Anh

(CPV) – The Ministry of Finance (MoF) has issued circular No 145/2011/TT-BTC deciding to adjust export taxes on some rubber commodities.

Under the circular, exports of natural rubber products, natural rubber latex which were pre-vulcanized or un-vulcanized will be subject to a tax rate of 3 percent, replacing the current rate of 5 percent.

Synthetic rubber alone will have an export tax rate of 5 percent. Currently, almost all of the rubber products are enjoying an export tax rate of 0 percent.

The circular will take effect on December 8.

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