wholesale Biodiesel Production Line Minister of Ministry of finance just signed and issue announcement of 48/2016/TT-BTC date, modification entrance is a few kinds of 27.1 groups of favourable tariff schedule benzine, oily kind import favourable tax rate. Accordingly, oily kind entrance tax rate drops formally since March 18 3 – 6% . But, of all kinds and traditional benzine and biology benzine continue to maintain entrance privilege tax rate to be in 20% .
This announcement has go into effect from March 18, 2016. Tax rate of specific entrance privilege is like a few kinds of petrolic: Traditional benzine and biology benzine 20% , derv and biology derv 7% , heavy oil 7% , kerosene 7% , aviation benzine and aircraft engine fuel 7% .
The Ministry of finance says, in 48/2016/TT-BTC date the announcement sets a few benzine and oil kind the purpose that imports favourable tax rate is to ensure most-favored-nation imports favourable tax rate (MFN tariff schedule) and the entrance of trade agreement of each bilateral, area is particularly favourable the harmony between tax rate.