TO REDUCE THE PREFERENTIAL IMPORT TAX RATE FOR AVIATION SPIRIT AND AUTOMOTIVE DIESEL FUEL
From March 18, 2016, the preferential import tax rate for aviation spirit, not of a kind used as jet fuel, is formally reduced from 10% to 7% is the important content prescribed at the Circular No. 48/2016/TT-BTC dated March 17, 2016 of the Ministry of Finance amending the preferential import tax rate for in the Heading 27.01 under the preferential import tariff.
The preferential import tax rate of 7% is also applicable to Bio-diesel fuels (B5, B10); while the previous import tax rate for this commodity is 10% and 13% in turn.
For other commodities, the import tax rate are the same with current regulations; within that, the preferential import tax rate of 20% are applicable for Motor spirit; Low aromatic solvents containing by weight less than 1% aromatic content; the import tax rate of 5% is applicable for lubricating oil feedstock, lubricating oils for aircraft engines, other lubricating oils, lubricating greases, transformer and circuit breakers oils…
This Circular takes effect on March 18, 2016.
