MoF raises oil import tax as prices tumble
08-01-2015 13:50:51+07:00
MoF raises oil import tax as prices tumble
The Ministry of Finance (MoF) increased the import duty on oil and petrol yesterday by 7 to 11 per cent to touch 35 per cent.
The move was made in view of slumping oil prices in the global market since late last year.
Under Circular 03/2015/TT-BTC, the import duty on petrol will be raised by 7 per cent to 35 per cent, while taxes on kerosene and mazut will be bumped up 9 per cent and 11 per cent, respectively, to 35 per cent.
Meanwhile, the import duty on diesel has been raised to 30 per cent from the current 23 per cent.
bizhub
