The association and its members urged the government to review the tax, which they say has placed additional burden on the already struggling industry.
Adjusting export tax rates on fertilisers was put into consideration in light of the fact that prices of fertilisers on the global and domestic market kept increasing rapidly.
A proposal by the Ministry of Finance to impose a 2 per cent tax on the export of gold products, with a gold content of under 95 per cent, has come under fire as traders claim the tax will cripple...
According to Vietnam Customs, total tax collection of the sector has so far reached VND335.6 trillion (US$14.5 billion), an 11.6 per cent year-on-year increase and exceeding the target of the finance ministry.
Total import-export tax revenue collected through e-payments reached VND191.15 trillion (US$9.2 billion), accounting for 95 per cent of the total revenue to the State budget, from January 1, 2018 to September 5, 2018.
The Ministry of Planning and Investment (MPI) has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.
The Ministry of Planning and Investment has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.
The imposition of 5 per cent export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.
The Ministry of Finance on Monday proposed that the Prime Minister
temporarily stop collecting export tariffs levied at five per cent on
tapioca chips since the business was facing difficulties.
Hanoi Customs Department has collected VND442.47 billion (over US$21
million) in import-export tax arrears, gaining 81.11 per cent of its
target at mid-December.
The Ministry of Finance (MoF) on August 25 asked petrol distributors
and dealers not to revise the import tax on petrol and oil products
until the end of this year.
The Saigon Jewelry Company ( SJC ) resumed their gold jewelry exports on a small scale this month after stopping 2010, according to its general director Do Cong Chinh.
The Viet Nam Coal and Mineral Industries Group (Vinacomin) plans to
sell 39-41 million tonnes of coal while reducing the volume of coal in
stock in the latter months of this year.