Vietnam adjusts tax tariff on rubber exports

Vietnam adjusts tax tariff on rubber exportsVIETNAM 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-vulcanised or unvulcanised 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 8 December.(PRA)