Export tax on sliced cassava cut to 0pct

09-Sep-2015 Intellasia | The Saigon Times | 6:00 AM Print This Post

The Ministry of Finance has announced to lower the export tax on sliced cassava to the old rate of 0 percent from 5 percent last Saturday after it issued Circular 141/2015/TT-BTC to replace Circular 63/2015/TT-BTC and revise export tariffs on cassava products.

The ministry said it would coordinate with relevant agencies to adjust the duty on cassava products next year and prepare an appropriate road map for this in line with a road map for the biofuel as well as cassava production and consumption in the country.

In July, the ministry proposed the government stop the implementation of Circular 63/2015/TT-BTC issued on May 6 imposing the export duty of 5 percent on sliced cassava after exporters bemoaned that they would incur losses and even go bust if such a tax rate was applied.

 


Category: Legal

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