Zero per cent import tax on diesel oil: MoF

The Ministry of Finance has decided to scrap import taxes on some kinds of diesel oil in a bid to lessen pressures on dealers, who claim they have been losing about VND1,000 per litre on fuel oil sold.

Under circular 39/2012/TT-BTC, which takes effect today, the import tax of 3 per cent on diesel will be removed.

Meanwhile, the Ministry said leaded and unleaded petrol would continue to attract a zero tax rate, as would kerosene for aircraft.

A tax of 5 per cent will continue to be applied on lubricants, while distilled oil and oil for machines will still attract an import duty of 15-20 per cent.

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