Cassava export tax increase: Circular "speedy", now "pan fire ants

Cassava export tax increase: Circular "speedy", now "pan fire ants
Business enterprises export cassava (DNXK) Central Region - Highlands are frantically calling for help when the time effect of Circular 63/2015 of the Ministry of Finance in the air. Accordingly, since the day 20.6, cassava exports taxed 5% instead of 0% previously. Currently, there are 163 300 Binh Dinh private tons stuck in the "dilemma".

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Enterprises are not able to respond

"How many years do the exports, I have never seen the policy roadmap for the rush, unexpectedly so. On 6.5, the Ministry of Finance the signing, on 20.6, Circular 63 began to take effect. Subjects directly affected us and the farmers are not consulted, "- Mr. Tran Vinh Long - Commercial Director Hoang Long Co. Ltd (Quy Nhon), harshly. Due to the nature of cultivation in the Central - Highland, cassava harvest usually from October last year to April of next year. "Currently, procurement, contracting principles with foreign partners into place. New Tariff suddenly fallen on this shoulder, so we bear floating "- Director Commercial Co. Ltd Thanh Tam Nguyen Thi Xuan Ngoc said. Thanh Tam was "hug" 50,000 tons of cassava. Ms. Ngoc calculation: "Export is dead. Tax increase of 5%, equivalent
250 VND / kg, plus the cost of over 500,000 input / ton; Preliminary, losses incurred up to 12 billion. Withholding lives with pressure fire because money warehousing, contract fines, interest on bank loans, the degradation ... ".

"Covered courtyard" cassava export commodities for 20 years in Gia Lai, Ho Thi Hien - Phu Loi Pte owners (Pleiku, Gia Lai) - said: Phu Loi going deep into the economic quagmire of inventory items Warehouse more than 100,000 tons, the expected loss in 20 billion. Ms. Hien said she fully shared the previous "call" from colleagues Binh Dinh in the collective unit sent many ministries of Central and People's 18 provinces stretching from South to North, that: "Those who make policy so once the Highlands, to ethnic minorities living on cassava to take gimlet reality ".

Farmers beaten

Notably, according to Mr. Le Viet Chin - Phu Loi co-owner: "Pursuant to the Finance Ministry to increase the tax raised is incorrect. For example, they obtain export prices (4.86757 million VND / ton) minus purchase price (4,300,000 VND / ton) and said that more interest DN 5.67.570 / ton. So when adjusted tax rate from 0% to 5%, still can DNXK 324 192 interest / ton. Calculate this type stars are! Purchasing export cassava farmers, enterprises have to bear a lot of expenses as bank interest, storage, wastage rate of 10-15%, and the cost of sterilization, inspection, export fees. Hole is impressive, let alone make profit 324 192
VND / ton. Only losses alone has lost 600,000 VND / ton now. " Mr. Nine proposals: "The tax should raise up 1% and should start from 2016".

Further, Mr. Chin was quoted by the Minister of Agriculture and Rural Development Cao Duc Phat at a conference yesterday sustainable development 18.5 cassava to demonstrate the struggle of companies not derived from local interests: "In theory, the export tax levied on farmers and not to businesses. The problem is to offer reasonable tariffs towards facilitating businesses buy cassava farmers at market prices, and have incentives to help businesses invest in processing ". Tax rate increases affect farmers' lives is easy to see close-up. Tran Vinh Long said: "This season just die alone businesses. After 20.6, the cassava growers was none other than the new object carrying the burden. No one business then white bear arms, a loss. "

Please entire route duties

Cassava export activities currently particularly active in Central - Highland. Binh Dinh alone, the season of 2014 - 2015, 11 DNXK purchasing nearly 1 million tons. 5 months, with 815 700 tons were exported to China; quantity "stuck" about 163 300 tonnes currently. Inventory figure is certainly much higher if including Highlands, but the key is Gia Lai, Kon Tum. Given that tax increases to curb crude output, expanded opportunities to access materials for the processing of biological products from cassava is necessary but Imex Management Head, Department of Industry and Trade Nguyen Van Tuyen Binh Dinh confirmed situation "abyss of suffering" around slices of dried cassava: "We have had contact companies and report the situation to the PPC".

For their part, many provincial governments are aggressively go the last step contributing to relieve the deadlock. In Binh Dinh, Vice Chairman Wu Dong Hai instructed the Department of Trade hosted coordinate DOF "urgently draft documents, to PPC report, recommended the Ministry of Finance to consider entire roadmap tax, facilitate inventory frees businesses and prepare plans and business plans under the new policy. " In Gia Lai, today (17.6), tax and customs agencies will work, hear information from Phu Loi Pte, previously credited formal proposals sent PPC.