Reduce crude oil import tax to 0%


The Prime Minister has just issued Decision 28/2019 / QĐ-TTg amending and supplementing Article 2 of the Prime Minister's Decision No. 45/2017 / QĐ-TTg on November 16, 2017 amending and supplementing the Decision No. 36/2016 / QĐ-TTg on September 1, 2016 of the Prime Minister stipulating the application of ordinary tax rates to imported goods.

Specifically, amend and supplement the Appendix of the List of common import tax rates table as prescribed in Article 2 of Decision No. 45/2017 / QĐ-TTg of November 16, 2017.

Accordingly, the normal import tax rate for crude oil products (item code 2709.00.10) will be reduced from 5% to 0%.

In addition, Decision 28/2019 / QĐ-TTg also amended the description of goods of some items such as banknotes, legal types; slide gantry cranes (mobile portal cranes), transport cranes, gantry cranes, cranes, mobile lifting frames and pillar-type carrier trucks; monolithic structure machine (one processing site); multi-position shifting machine; machinery for extracting or processing vegetable oils or fats, non-volatile vegetable oils or fats; semiconductor information storage media; ultraviolet or infrared light bulbs, arc light bulbs; syringes, needles, catheters, drain pipes...

This decision takes effect from November 1, 2019.


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