ANNOUNCEMENT 20 Jun 2015

In June 2015, the government of Vietnam announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



English translation of Circular 63/2015/TT-BTC
http://www.ipcn.vn/en/setting-up/policies/d_25/58/circular-no-63-2015-tt-btc.html

Reports -
Export tax on sliced cassava cut to 0pct - Intellasia
http://www.intellasia.net/export-tax-on-sliced-cassava-cut-to-0pct-467182

Vietnam raises duty on cassava exports - Vietnam Breaking News
http://www.vietnambreakingnews.com/2015/05/vietnam-raises-duty-on-cassava-exports/

Vietnam withdraws 5% export tariff on cassava chips _ biofuelsdigest.com
http://www.biofuelsdigest.com/bdigest/2015/08/05/vietnam-withdraws-5-export-tariff-on-cassava-chips/


Inception date: 20 Jun 2015 | Removal date: 19 Aug 2015

Export tax

 On 20 June 2015, the Vietnamese Ministry of Finance increased the export duty on cassava from 0 to 5%.Circular 63/2015/TT-BTC was published in this regard. According to reports the rates were increased to ensure supply of cheaper raw materials for local production of ethanol as increasing exports was pushing up the domestic price.
 
The export duty of 5% was withdrawn on 5 September 2015 on account of high domestic stock.

AFFECTED SECTORS

 

AFFECTED PRODUCTS