10:35 | 21/11/2013 Finance - Banking
(VEN) - According to the Circular 157/2013/TT-BTC which was recently issued, export tax rates of some rubber items in the export tariff described in Circular 193/2012/TT-BTC will be reduced to one percent.
Accordingly, export tax on natural rubber latex, crepe from rubber latex, balata latex, and similar natural latex (group 40.01) will be reduced from 3 percent to 1 percent.
Synthetic rubber commodities (group 40.02) will have export tax reduction from 5 percent to 1 percent. Export tax on non-vulcanized mixed rubber commodities (40.05) will be also cut from 3 percent to 1 percent.
The new export taxes on these commodities will be applied from December 26, 2013./.