Circular No. 124/2013/TT-BTC amends the export tax rate for coal products under heading 27.01 in the Export Tariff, effective from September 1, 2013.
Scope of application
Coal producers and exporters; coal briquettes, anthracite lumps, and similar solid fuels produced from coal
Key points
- Producers and exporters of coal products under heading 27.01 must pay an export tax rate of 10% (Article 1)
- This Circular takes effect from September 1, 2013
🌐 Social impact of this document
- Reducing the burden of export taxes on coal exporting enterprises, reducing business costs
- Enhancing the competitiveness of coal products in the international market
- May lead to an increase in export volume and foreign currency earnings for the country
❓ Frequently asked questions
What is the export tax rate for coal products under heading 27.01?
The new export tax rate applicable to coal products under heading 27.01 is 10%.
When does this Circular take effect?
Circular No. 124/2013/TT-BTC takes effect from September 1, 2013.
Full text
CIRCULAR
Amending the export tax rate for coal products under subheading 27.01 in the Export Tariff
at the Export Tariff
________________
Pursuant to the Law on Export Tax and Import Tax dated June 14, 2005;
Pursuant to Resolution No. 710/2008/NQ-UBTVQH12 dated November 22, 2008 of the Standing Committee of the National Assembly amending Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 on the issuance of the Export Tariff according to the list of taxable goods categories and the tax rate range for each category, the Import Tariff with Preferential Rates according to the list of taxable goods categories and the preferential tax rate range for each category;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing certain provisions of the Law on Export Duties and Import Duties;
Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the proposal of the Director of the Tax Policy Department;
The Minister of Finance issues this Circular to amend the export tax rate for coal products under subheading 27.01 in the Export Tariff.
Article 1. Amend the export tax rate.
Amending the export tax rate for coal products under subheading 27.01 in the Export Tariff according to the list of taxable goods specified in Circular No. 71/2013/TT-BTC dated May 23, 2013 of the Ministry of Finance to new export tax rates according to the list of taxable goods as follows:
|
Serial Number |
Description of Goods |
Under the categories, subcategories, and item numbers |
Tax Rate (%) |
|
33 |
Coal; coal briquettes, anthracite and similar solid fuels obtained from coal |
27.01 |
10 |
Article 2. Effective Date
This Circular takes effect from September 1, 2013./.
DEPUTY MINISTER
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