Circular No. 67/2011/TT-BTC amends the export tax rate for iron ore and iron concentrate under subheading 26.01, effective from July 2, 2011.
Key points
- For iron ore and iron concentrate under subheading 26.01, the export tax rate is 40% (applicable to both unroasted, roasted, and roasted pyrite iron).
- The content and specifications of exported iron ore and iron concentrate shall be implemented according to Circular No. 08/2008/TT-BCT of the Ministry of Industry and Trade.
🌐 Social impact of this document
- Positive impact: The adjustment of the export tax rate helps balance interests between the state and enterprises.
- Negative impact: Enterprises may face difficulties in complying with new regulations on the content and specifications of iron ore and iron concentrate.
❓ Frequently asked questions
What is the export tax rate for iron ore and iron concentrate?
The export tax rate for this product is 40% (applicable to both unroasted, roasted, and roasted pyrite iron).
When does this Circular take effect?
Circular No. 67/2011/TT-BTC takes effect from July 2, 2011.
How are the content and specifications of exported iron ore and iron concentrate regulated?
The content and specifications of exported iron ore and iron concentrate shall be implemented according to Circular No. 08/2008/TT-BCT of the Ministry of Industry and Trade.
Which products have their tax rates adjusted?
This Circular amends the export tax rate for iron ore and iron concentrate under subheading 26.01.
How many types of iron ore and iron concentrate are subject to adjustment?
This Circular stipulates the tax rate for three types: unroasted, roasted, and roasted pyrite iron.
Full text
CIRCULAR
Amending the export tax rate for iron ore and iron concentrate products under subheading 26.01 as specified in the Export Tariff
thuộc nhóm 26.01 quy định tại Biểu thuế xuất khẩu ||| falls under heading 26.01 as specified in 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 on amending Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 on issuing 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 Resolution No. 11/NQ-CP dated February 24, 2011 of the Government on key measures to focus on curbing inflation, stabilizing macroeconomic conditions, and ensuring social welfare;
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 export tax rate for iron ore and iron concentrate products under subheading 26.01 in the Export Tariff as follows:
Article 1. Export Tax Rate
1. Amend the export tax rate for iron ore and iron concentrate products under subheading 26.01 as specified in the Export Tariff according to the list of taxable goods issued together with Circular No. 184/2010/TT-BTC dated November 15, 2010 of the Ministry of Finance stipulating the tax rates of the Export Tariff and the Import Tariff with Preferential Rates according to the list of taxable goods as follows:
|
Serial Number |
Description of Goods |
Belonging to the following groups, classified as |
Tax Rate (%) |
|||
|
12 |
Iron ore and iron concentrate, including roasted pyrite iron. |
|||||
|
- Iron ore and iron concentrate, excluding roasted pyrite iron: |
||||||
|
- - Unroasted |
2601 |
11 |
00 |
00 |
40% |
|
|
- - Roasted |
2601 |
12 |
00 |
00 |
40% |
|
|
- Roasted pyrite iron |
2601 |
20 |
00 |
00 |
40% |
|
2. The content, specifications of exported iron ore and iron concentrate shall be implemented in accordance with Circular No. 08/2008/TT-BCT dated June 18, 2008 of the Ministry of Industry and Trade guiding the export of minerals.
Article 2. Effective Date
This Circular takes effect from July 2, 2011./.
DEPUTY MINISTER
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