Crude import tax zeroed in November

The Prime Minister announced import tax on crude oil will be scrapped from the current rate of 5 per cent.

Oil and gas tanks at a PV Oil facility. The tax rate on crude imports will be zeroed from the current 5 per cent in November. — Photo vietnambiz.vn

The Prime Minister announced import tax on crude oil will be scrapped from the current rate of 5 per cent.

The decision takes effect on November 1, 2019

The decision numbered 28/2019/QD-TTG was released to amend Article 2 of Decision 45/2017/QD-TTg dated November 16, 2017 regulating tax rates on imports.

The new decision also changed the description of some goods such as banknotes, mobile gate-type crane and related components, complete-built machine, semiconductor, needle and ultraviolet and infrared lights. — VNS

  • Share:

see also

Sev.en Global Investments plans large energy investments from Europe to Việt Nam

Sev.en Global Investments plans large energy investments from Europe to Việt Nam

Sev.en Global Investments, a prominent global investor based in the Czech Republic, is planning what will be the biggest investment from the nation into Việt Nam.
Seafood exports expected to exceed 10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
UKVFTA provides a solid foundation for British businesses to expand investments in Việt Nam

UKVFTA provides a solid foundation for British businesses to expand investments in Việt Nam

The UKVFTA has fostered British investment in Việt Nam since its 2021 inception, says Britcham Chairman Denzel Eades.
Việt Nams GDP growth to outpace region peers: Oxford Economics

Việt Nam’s GDP growth to outpace region peers: Oxford Economics

Việt Nam will be the standout among the top six ASEAN economies (ASEAN-6), growing at a faster pace relative to its peers during the next few years, according to the Oxford Economics, a global economic advisory firm.
Brazil solidifies position as Việt Nams biggest trade partner in Latin America

Brazil solidifies position as Việt Nam's biggest trade partner in Latin America

With bilateral trade hitting US$7.1 billion in the first 11 months of this year, Brazil remains Việt Nam''s largest trading partner in Latin America.