TAN THUAN EPZ CUTS INFRASTRUCTURE MAINTENANCE FEES

By Ngoc Huong

(SGT-HCMC) Infrastructure maintenance fees in Tan Thuan Export Processing Zone have been reduced to 0.25% from 0.3% of the tenants’ annual export turnover for businesses posting annual export revenue of US$3 million or less.
The reduction in infrastructure maintenance fees was approved on March 16 by Tran Ngoc Con, HCMC Vice Chairman cum head of Hepza, the authority that oversees industrial and export processing zones. The decision, however, was considered effective since January 1.
The reduction rate is also widened in line with the expansion of export revenue. The 0.225% fees will be applied for those with export revenue of US$3-10 million; 0.2% for US$10-20 million; 0.175 for US$20-40 million; 0.15% for US$40-80 million; 0.125% for US$80-120 million; 0.1% for US$ 120-160 million and 0.075% for US$160-200 million. Those obtaining US$200 million or more can enjoy fee exemption.
This is the second time Tan Thuan EPZ has revised down infrastructure maintenance fees. The first revision was effective since May 2000. The move is aimed at encouraging investors to raise investment capital and improve export performance.

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