Reduction of Preferential Import Tax on Certain Gasoline and Oil Products

12:50, 11/07/2024

This content is mentioned in Circular 48/2016/TT-BTC amending the preferential import tax rates for certain petroleum products under heading 27.10 in the Preferential Import Tariff Schedule.

To be specific, reducing the import tax rate for certain petroleum products as follows:

Reduced from 10% to 7% for:

- Aviation gasoline, excluding types used as jet fuel.

- Diesel fuel for automobiles; other diesel fuels.

- Fuel oils.

- Aviation engine fuel (jet fuel) with a flash point of 23 degrees Celsius or higher; aviation engine fuel (jet fuel) with a flash point below 23 degrees Celsius.

- Biodiesel (B5, B10).

Reduced from 13% to 7% for other kerosene products.

Circular 48/2016/TT-BTC is effective from March 18, 2016.

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