Import, Export Taxes Adjusted
12:00 AM @ Monday - 01 January, 1900
(VEN) - The Ministry of Finance recently promulgated Circular 108/2011/TT-BTC amending and supplementing the regulation on preferential import, export taxes applied to some kinds of goods.
Accordingly, from September 11, 2011, the export tax rate applied to coal, coke and briquette will increase from 15 percent to 20 percent; aluminum, lead bars from 5 percent to 15 percent; zinc, tin bars from 5 percent to 10 percent.
The export tax rate applied to silica, natural steatite ore, railroad/tramway ties, refined copper and unprocessed copper alloy will increase from 15 percent to 20 percent.
The circular also adjusts the import tax rates applied to some kinds of goods. For example, the import tax rate applied to pipes, conduits, taps, joining materials (polymer ethylene) will decrease from 17 percent to 12 percent; footwear components such as metal/wooden shoe upper from 20 percent to 15 percent./.