Stop tax collection cassava exports

The Ministry of Finance has announced to stop collecting export tax of 5% cassava products. From the date of 5.9, the cassava export commodities performed under the provisions of Circular No. 164/2013 of the Ministry of Finance will be taxable at the rate of export tax of 0% until the new text. The Ministry will continue to study revised export tax rates for cassava applies to 2016.

Farmers harvested cassava - Photo: Hoang Trong
Earlier, on 06.05.2015, the Ministry of Finance issued Circular No. 63 prescribed tax rate for the commodity exports of cassava increased from 0% to 5% from 20.6 led enterprises (companies) export business sliced "dizziness". By the calculations of the Ministry of Finance, after the tax increase, businesses still have interest about 320,000 VND / ton. However, enterprises that they are getting enough for expenditure and even losses due to high input costs, and has proposed adjusting the level of this tax.