Tax exempted for selected agricultural materials

Tax exempted for selected agricultural materials

VGP – The Ministry of Industry and Trade has issued a new circular on exempting import tax for imported agricultural materials used in prioritized investment projects in accordance with the Government’s Decree on this matter.

Seedlings in forestation is exempted from the import tax – Photo:VGP/Do Huong

The circular, which replaces earlier related regulations, took effect on February 7, 2014.

Accordingly, exempted items in forest planting and development include seedlings, veterinary medicines, plant protection products, fertilizers and plant care chemicals.

The exemption is also granted to offspring, seeds, eggs, offspring’s foods, veterinary medicines, plant protection products, fertilizers, offspring care chemicals and materials to create the environment for raising the offspring.

In producing new artificial seeds, crop varieties, livestock and cattle which bring high economic values, original seedlings, eggs and seeds, offspring’s food and care chemicals, veterinary medicines, plant protection products, fertilizers, and materials to create the environment for raising the offspring are benefited.

In addition, the exemption is applied for natural salt without pre-processing and chemicals used to produce commercial salts.

By Ngoc Van

Tax exempted for selected agricultural materials Related image(s)