(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.