This Circular amends the preferential import tax rate for certain gasoline and diesel products under subheading 27.10 and biodiesel in Chapter 98 of the Preferential Import Tariff Schedule, to take effect from May 21, 2015.
Key points
- Amending the preferential import tax rate for certain gasoline and diesel products under subheading 27.10 in the Preferential Import Tariff Schedule
- Amending the preferential import tax rate for biodiesel in Chapter 98 of the Preferential Import Tariff Schedule
🌐 Social impact of this document
- Positive impact: Reducing import costs for businesses dealing with gasoline and diesel, helping to stabilize prices on the market.
- Negative impact: It may increase the tax burden on citizens if the price of gasoline and diesel rises.
❓ Frequently asked questions
What is the new tax rate?
This Circular does not specify the new tax rate specifically, but amends it according to the list of preferential import tax rates issued together with this Circular.
When does this Circular come into effect?
This Circular takes effect from May 21, 2015.
Which Circular does this replace?
This Circular replaces Circular No. 61/2015/TT-BTC of the Minister of Finance amending the preferential import tax rate for certain gasoline and diesel products under subheading 27.10 in the Preferential Import Tariff Schedule.
For which goods does this Circular apply?
This Circular amends the preferential import tax rate for certain gasoline and diesel products under subheading 27.10 and biodiesel in Chapter 98 of the Preferential Import Tariff Schedule.
Does this have any impact on citizens?
This Circular may increase the tax burden on citizens if the price of gasoline and diesel rises due to increased import costs. However, it also helps to stabilize prices on the market.
Full text
CIRCULAR
Amend the preferential import tariff rates for certain gasoline and diesel products under subheading 27.10 in the Preferential Import Tariff Schedule
falls under group 27.10 in the Preferential Import Tariff Schedule
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Pursuant to the Law on Export Tax and Import Tax dated June 14, 2005;
Pursuant to Resolution No. 295/2007/NQ-UBTVQH12 dated September 28, 2007 of the Standing Committee of the National Assembly on the issuance of the Export Tariff Schedule according to the list of taxable goods categories and tax rate ranges applicable to each category, and the Preferential Import Tariff Schedule according to the list of taxable goods categories and preferential tax rate ranges applicable to each category;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing certain provisions of the Law on Export Duties and Import Duties;
Pursuant to Decree No. 83/2014/NĐ-CP dated September 3, 2014 of the Government on trading in gasoline and diesel;
Pursuant to Decree No. 215/2013/NĐ-CP dated December 23, 2013 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decision No. 53/2012/QĐ-TTg dated November 22, 2012 of the Prime Minister on the implementation schedule for blending ratios of biofuels with traditional fuels;
At the proposal of the Director of the Policy Department;
The Minister of Finance hereby promulgates this Circular amending the preferential import tax rate for certain gasoline and diesel products under subheading 27.10 in the Preferential Import Tariff Schedule.
Article 1. Amending the preferential import tax rate for certain gasoline and diesel products under subheading 27.10
1. Amend the preferential import tariff rates for certain gasoline and diesel products under subheading 27.10 in the Preferential Import Tariff Schedule attached to Circular No. 61/2015/TT-BTC dated April 27, 2015 of the Minister of Finance to new preferential import tariff rates as specified in the Preferential Import Tariff Rate List issued together with this Circular.
2. Amend the preferential import tariff rate for biodiesel products under Chapter 98 in the Preferential Import Tariff Schedule attached to Circular No. 61/2015/TT-BTC dated April 27, 2015 of the Minister of Finance to a new rate as specified in the Preferential Import Tariff Rate List issued together with this Circular.
Article 2. Effectiveness
1. This Circular takes effect from May 21, 2015.
2. This Circular replaces Circular No. 61/2015/TT-BTC dated April 27, 2015 of the Minister of Finance amending the preferential import tariff rates for certain gasoline and diesel products under subheading 27.10 in the Preferential Import Tariff Schedule.
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