Circular 169/2012/TT-BTC dated October 11, 2012 of the Ministry of Finance amending export tax rates for coal of the heading 27.01 in export tariff

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Issuing body:	Ministry of Finance	Effective date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Official number:	169/2012/TT-BTC	Signer:	Vu Thi Mai
Type:	Circular	Expiry date:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Issuing date:	11/10/2012	Effect status:	Known Please log in to a subscriber account to use this function. Don’t have an account? Register here
Fields:	Export - Import , Tax - Fee - Charge

SUMMARY

EXPORT TAX RATE FOR COAL REDUCED BY 10%

On October 11, 2012, the Ministry of Finance issued the Circular No. 169/2012/TT-BTC amending export tax rates for coal of the heading 27.01 in export tariff.

Under the Circular, from October 11, 2012, export tax rate for coal, briquettes, ovoid coal and similar solid fuels manufactured from coal reduces from 20% to 10% (reduced by 10% compared with the previous regulation).

The other products such as: peat (including peat litter), coke and semi-coke of coal, of lignite or of peat …still keep at the rate of 15% and 20% respectively.

This Circular takes effect from the signing date.

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Effect status: Known

MINISTRY OF FINANCE
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No.169/2012/TT-BTC

SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom - Happiness
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Hanoi, October 11, 2012

CIRCULAR

AMENDING EXPORT TAX RATES FOR COAL OF THE HEADING 27.01 IN EXPORT TARIFF

Pursuant to the Law on Export and Import Duties on 14/6/2005;

Pursuant to the Resolution No.710/2008/NQ-UBTVQH12 dated 22/11/2008 of the Standing Committee of the National Assembly on the amendment of the Resolution No.295/2007/NQ-UBTVQH12 on 28/9/2007 promulgating Export Tariff on the list of dutiable commodity headings and tax rate bracket for each commodity heading, preferential import tariff by the list of dutiable commodity headings and the preferential tax rate bracket for each commodity heading;

Pursuant to the Decree No.87/2010/ND-CP dated 13/8/2010 of the Government detailing the implementation of a number of Articles of the Law on Export and Import Duties;

Pursuant to the Decree No.118/2008/ND-CP dated 27/11/2008 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the opinion of the Prime Minister at the Official Dispatch No.7340/VPCP-KTTH Government on 18/9/2012 and the Official Dispatch No.8090/VPCP-KTTH dated 11/10/2012 of the Government Office;

At the request of the Director of Department of Tax Policy,

The Minister of Finance issues the Circular amending export tax rate for coal under the Heading 27.01 in the Export Tariff.

Article 1. To modify the export tax rate

To modify the export tax rate for coal under the Heading 27.01 in the Export Tariff according to the list of taxable items in Appendix I issued together with the Circular No.157/2011/TT-BTC dated 14/11/2011 of the Ministry of Finance promulgating the Export Tariff, Preferential Import Tariff according to the list of taxable items as follows:

No.	Goods description	To be of heading of goods, subheading, code			Tax rate (%)
33	*Coal; briquettes, ovoid coal and similar solid fuels manufactured from coal*	*27.01*			10