Wednesday, November 16, 2011
Saigon, Vietnam - Vietnam has decided to make adjustments on the tax tariff for export of some rubber commodities. Export of natural rubber products and natural rubber latex which are either pre-vulcanized or unvulcanized will be subject to a tax of 3%, instead of the earlier 5%. The new export duty rates for latex and other rubber products will be 3%. Synthetic rubber will have an export tax rate of 5%, instead of 3%. Currently, almost all of the rubber products are enjoying a zero percent export tax rate. The rates will take effect from December 8.
(Source: Rubber World)