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Infrastructure work gets materials tax break

Update: February, 17/2012 - 10:44

HA NOI — Building materials used for constructing, repairing and maintaining infrastructure in non-tariff zones will be exempted from export taxes from March 20 this year under Circular 11/2012/TT-BTC recently issued by the Ministry of Finance.

Under the circular, documents must be submitted registering the list of tax-exempt export goods, their quantity and the reasons for tax exemption, as well as technical design documentation. In addition, the subject must also take legal responsibility for the accuracy of exported items.-VNS

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