Title: Circular 128/2016/TT-BTC dated August 9, 2016 of the Ministry of Finance regulating the exemption and reduction of export duty on environmentally friendly products; products from the recycling and treatment of waste

Type: Circular

Issuing Agency: Ministry of Finance

Responsible Agency: Ministry of Finance

Issuing Date: 09-08-2016

 

Circular 128/2016/TT-BTC provides for the exemption and reduction of export duty on environmentally friendly products and the products from the cycling and treatment of waste as stipulated at Article 12, Appendix III of the list of sponsored activities for environmental protection promulgated along with Decree 19/2015/ND-CP.

According to this Circular, the export products that have the certification of Vietnam Green Label, shall be considered to be environmentally friendly products and exempted from export duty. Meanwhile, the products that are certified those from the recycling and treatment of waste shall be reduced by 50% export duty.

However, this tax exemption, reduction policy is only applied to goods which are named in the export Tariff; with regard to products are not named in the export Tariff, they shall be carried out according to Clause 2 Article 2 of Circular No. 182/2015/TT-BTC , applying the tax rate of 10%

Apart from the customs dossier as prescribed in Article 16 of Circular No. 38/2015/TT-BTC , the photocopy of the written certification of Vietnam Green Label or the photocopy of the certificate of products from the recycling and treatment of waste of the above- mentioned products which are entitled to the exemption, reduction of export duty must be provided.

Circular No. 128/2016/TT-BTC takes effect from September 23, 2016.

 

 

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