Categories: LibraryUpdate

News in Export and Import Tariff 2013

On November 15th 2012, the Ministry of Finance issued new export and import tariffs applied in 2013.

In particular, there are some changes as follows:

Export tax rate of the crude ore (aluminum, nickel, cobalt, tin, precious metals…) increased from 20% to 30%.

Sugar in heading 1701.12, 1701.13, 1701.14 have import tax rate increased from 15% to 25%; if containing flavoring or coloring matter, white sugar, refined sugar will increase to 40%.

Taxpayers do not need to finalize the import and use of imported goods in heading 9823 (previously required).

The new tariffs promulgated with Circular193/2012/TT-BTC, apply from January 1st 2013, replacing Circular157/2011/TT-BTC.

 

Tuan Nguyen

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