Scrap Materials for Processing Are Not Exempt from Export Tax

11:52, 11/07/2024

In order to control the export activities of scrap, metal waste, and to limit commercial fraud, the Ministry of Finance has issued Official Dispatch 11081/BTC-TCHQ regarding the tax policy for exported goods for processing as stipulated in Decree 134/2016/ND-CP.

During the implementation of Decree 134/2016/ND-CP, many enterprises requested clarification on the guidance provided in Clause 1 Article 11 of Decree 134, concerning the application of export tax rates ranging from 15-22% for exported metal scraps and waste for processing.

Based on the concerns of the enterprises, the Ministry of Finance has provided the following response:

- Unanimous agreement to enhance state management and control of the export activities of metal scraps and waste to limit commercial fraud.- Enterprises exporting metal scraps and waste for processing shall comply with the provisions at Point a Clause 1 of Decree 134/2016/ND-CP. Metal scraps and waste subject to export tax are not eligible for export tax exemption.

See details in Official Dispatch 11081/BTC-TCHQ issued on August 18, 2017.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]