Reduce oil tax, keep gasoline tax

Starting from March 18, import tax on diesel and fuel oil will decrease from 10% to 7%, import tax on kerosene will also decrease from 13% to 7%.

Photo Saigongiaiphong

However, import tax on mineral gasoline and biofuel remains at 20%. The Ministry of Finance’s decision to reduce oil tax was implemented before the 15-day gasoline price adjustment cycle, which will take place today (March 19).

Reduce oil tax, keep gasoline tax

According to the commitment to integrate into the ASEAN Trade in Goods Agreement (ATIGA), import tax from ASEAN countries to Vietnam applied from 2015 for diesel and mazut is 5% and from January 1, 2016 it is 0%. In addition, from the beginning of this year, import tax on diesel from Korea to Vietnam has also decreased to 5%, and tax on gasoline to 10%.

According to Saigongiaiphong