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.
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