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State exempts export tax for environment-friendly products

Update: August, 29/2016 - 17:08
A resident in HCM City uses environmental friendly bag when shopping at supermarket. - Photo
Viet Nam News

HÀ NỘI – The State will exempt export tariff for environmental-friendly products while the export tariff on some other products will be reduced by half, according to the Circular 128/2016/TT-BTC.

Under the circular issued by the Ministry of Finance on August 9, 2016, the products that are in the export tax tables of the Decree 19/2015/NĐ-CP issued on February 14, 2015, and have Việt Nam’s green label certificate, will join the export tax exemption.

Meanwhile, export tax on products from recycling and waste treatment activities located in the export tax table of the Decree 19 will be cut by half.

The new tax rate will be applied for organisations and individuals producing, trading and exporting the friendly-environmental products and the products from recycling and waste treatment activities.

Ineligible products will be still imposed export tax according to regulations in Article 22 of Circular 182/2015/TT-BTC on preferential tax rate for taxable good items.

The Circular 128/2016/TT-BTC will come into effect from September 23, 2016. – VNS

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