Steel export tax reduced to zero
VGP – The Ministry of Finance decided on October 28 to readjust the export tax rate applied for some iron and steel products.
October 29, 2008 8:10 AM GMT+7
Accordingly, the tax rate imposed on iron and steel products in the sub-group 7204.50.00.00 and the groups 7206 and 7207 is reduced from 5% down to 0%.
The new tax rate is applied since November 7, 2008.
According to the Việt Nam Steel Association, the decision will give favorable conditions to domestic steel exporters.
By Nguyên Hồ
