The Ministry of Finance has just issued the Circular No. 03/2015/TT-BTC dated January 6, 2015 of the Ministry of Finance amending the preferential import tax rate for some petroleum commodities in the Heading 27.10 in the Preferential Import Tariff, decide to increase the preferential import tax for leaded or unleaded motor spirit more 8% (from 27% to 35%) from January 07, 2015.
Also from January 07, 2015, the preferential import tax for other commodities such as aviation spirit; spirit and diesel fuels shall increase incredibly. In particular, the preferential import tax rate for aviation spirit, not of a kind used as jet fuel is increased by 5%, from 20% to 25%; the preferential import tax rate for diesel fuels is increased from 23% to 30%; aviation turbine fuel (jet fuel) and white spirit, other light spirits shall have the preferential import tax rate in turn 25% and 35%.
For waste oils and Lubricating oils for aircraft engines, Transformer and circuit breakers oils, Hydraulic brake fluid have no changes compared with current regulations, in turn 20%, 5% and 3%.
This Circular takes effect on January 07, 2015.
Source: luatvietnam.vn
