The Vietnamese government has cut the tax rate on imported petroleum by 10%, it has been revealed.
The new measure - which is due for introduction on February 17 - will reduce the 35% tax rate currently levied on petroleum imports to 25%.
The news was announced by Vietnam's Ministry of Finance on February 8, who explained that the measure will reduce the import tax for leaded and non-leaded petrol; petrol for airplanes; lubricant; naptha and reformatic petrol - all items which belong to group 2710 on the General Department of Taxation's import list.
The MoF has already reduced the tax rate levied on petroleum imports this year, taking it from 40% to 35% in January.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment