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Ministry raises sugar import duties

Update: June, 14/2013 - 11:00

HA NOI (VNS)— The Ministry of Finance (MoF) has decided to raise sugar import duty to 15 per cent from July 22, 2013.

In a newly released circular, they have also revealed that import tariffs of maple sugar and maple-oriented syrup will increase from 3 per cent to 10 per cent.

Taxes in glucose and glucose syrup will rise from 10 to 15 per cent.

Pure fructose will be subject to a 15 per cent tariff, a large jump from the current rate of 3 per cent.

Meanwhile, export duty of man-made honey will be adjusted from 10 per cent to 15 per cent.

MoF also raised import tariffs of flavored sugar from 5 per cent to 15 per cent. — VNS

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