Circular No. 135/2011/TT-BTC amends the export tax rate for sten copper items under Group 74.01, to be applied from November 16, 2011.
Scope of application
Export enterprises of sten copper items under Group 74.01.
Key points
- Enterprises → must pay export tax at a rate of 15% for sten copper items and 20% for other types within Group 74.01.
🌐 Social impact of this document
- Positive impact: Reduces the tax burden on export enterprises of sten copper items with a rate of 15% compared to the previous rate, helping to enhance competitiveness.
- Negative impact: Increases the tax burden on other types of sten copper items within Group 74.01 at a rate of 20%, affecting the export costs of enterprises.
❓ Frequently asked questions
What is the new tax rate?
The new tax rate for sten copper items under Group 74.01 is 15% and 20% depending on the type.
When does the new tax rate take effect?
This Circular takes effect from November 16, 2011.
Which group does the sten copper item belong to?
Sten copper belongs to Group 74.01 in the List of Taxable Items.
If an enterprise exports another type of sten copper, what is the tax rate?
If an enterprise exports another type of sten copper under Group 74.01, the tax rate is 20%.
Who is this Circular applicable to?
This Circular only applies to enterprises exporting sten copper items under Group 74.01.
Full text
CIRCULAR
AMENDING THE RATE OF EXPORT DUTY ON STANNIC ORE IN GROUP 74.01 IN THE EXPORT TAX SCHEDULE
_____________________________
Pursuant to the Law on Export Tax and Import Tax dated June 14, 2005;
BASED ON RESOLUTION NO. 710/2008/NQ-UBTVQH12 OF THE NATIONAL ASSEMBLY’S STANDING COMMITTEE DATED NOVEMBER 22, 2008, AMENDING RESOLUTION NO. 295/2007/NQ-UBTVQH12 OF THE NATIONAL ASSEMBLY’S STANDING COMMITTEE DATED SEPTEMBER 28, 2007, REGARDING THE ISSUANCE OF THE EXPORT TAX SCHEDULE AND THE FRAMEWORK OF TAX RATES FOR EACH GROUP OF GOODS, AND THE IMPORT TAX SCHEDULE WITH PREFERENTIAL RATES FOR EACH GROUP OF GOODS;
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;
THE MINISTRY OF FINANCE AMENDS THE RATE OF EXPORT DUTY ON STANNIC ORE IN GROUP 74.01 IN THE EXPORT TAX SCHEDULE AS FOLLOWS:
ARTICLE 1. RATE OF EXPORT DUTY
AMENDS THE RATE OF EXPORT DUTY ON STANNIC ORE IN GROUP 74.01 AS PROVIDED IN THE EXPORT TAX SCHEDULE ACCOMPANIED BY CIRCULAR 184/2010/TT-BTC OF THE MINISTRY OF FINANCE DATED NOVEMBER 15, 2010, REGULATING THE RATE OF EXPORT DUTY AND THE FRAMEWORK OF PREFERENTIAL IMPORT TAX RATES FOR EACH GROUP OF GOODS AS FOLLOWS:
| Serial number | Description of Goods | Belonging to the following groups and subgroups | Tax Rate (%) | |||
| 52 | STANNIC ORE, COPPER NAILERS (PRECIPITATED COPPER) | 74.01 | ||||
| - STANNIC ORE | 74.01 | 15 | ||||
| - Other | 74.01 | 20 | ||||
Article 2. Effective Date
THIS CIRCULAR TAKES EFFECT FROM NOVEMBER 16, 2011.
DEPUTY MINISTER
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