Preferential import taxes for petroleum products revised

by VTV420 March 2016 Last updated at 09:47 AM

VTV.vn - The Ministry of Finance has revised preferential import taxes for a number of petroleum products.

ccordingly, the revised tax rate for mineral and bio-fuel is 20%, diesel and bio-diesel is 7%, kerosene 7%, and aviation fuel 7%. The revision of preferential import taxes for a number of petrol and oil products aims to balance the current import taxes to the most favoured nation tariff rates (MFN Tariff) and other special preferential import taxes that follow various regional and bilateral Free Trade Agreements Vietnam has signed.

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