MOF to increase taxes on imported goods

The Ministry of Finance is planning to adjust taxes on some products to discourage their importation in order to curb inflation.

Eleven groups of products will be taxed an additional 5-10 percent. The taxes currently imposed for these products are more than four percent lower than the World Trade Organisation’s regulated levels for 2011.

Accordingly, import taxes for ink-jet printers will increase from 0 to 5 percent, tobacco tax will rise from 30 percent to 50 percent, and tax on magnetic tape for video recording will go up 15 percent, respectively. – VOV

Tags: Vietnam taxes on imported goods

Posted by VBN on Apr 16 2011. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry