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

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