Cases of environment tax protection exemption promulgated
Circular No. 159/2012/TT-BTC of the Ministry of Finance on amending and supplementing Circular No. 152/2011/TT-BTC guiding Decree 67/2011/ND-CP of the government on environmental protection tax has been announced. Accordingly, goods is only subject to environmental tax when produced in the non-tariff area or in trade between the domestic partners and other non-tariff or export sites having to pay environment protection taxes. Only goods exported from the Vietnamese border is not considered as subject of environment protection taxes. According to this circular, raw materials imported for processing of export goods are exempted from environment protection tax.The Circular comes into effect from November 15, 2012. Reported by Thanh Hong – Translated by Vi Bao
