INCREASE IMPORT TAX RATE FOR OILS TO 16%
This is new action of the Ministry of Finance at the Circular No. 47/2013/TT-BTC dated April 26, 2013 of the Ministry of Finance amending, supplementing the preferential import tax for some commodities in the heading 2710 in the Preferential Export and Import Tariff.
In particular, only after 01 week of application with the import tax rate of 14% with Motor spirit including RON 90 and other oils in accordance with the Circular No. 43/2013/TT-BTC dated April 18, 2013 at this Circular, the Ministry of Finance decides to increase this tax rate to 16%
from April 26, 2013.
Similarly, the import tax rate for white solvent (white spirit), Solvent with under 1% of aromatic content by weight, Other solvent spirits, Naphtha, reformate and preparations for preparing motor spirits and other Alpha olefins is 16%. Besides, the import tax rate for Diesel fuel for cars is 12% and for Fuel oils is 14%. These import tax rate increases by 2% compared with regulations at the Circular No. 43/2013/TT-BTC dated April 18, 2013.
This Circular takes effect on April 26, 2013 and replaces the Circular No. 43/2013/TT-BTC dated April 18, 2013.
