Recently, the Government has issued Decree No. 51/2022/ND-CP amending the preferential import tax rates for gasoline products in group 27.10 in the preferential import tariff according to the list of subject to tax promulgated together with Decree No. 57/2020/ND-CP and Decree No. 125/2017/ND-CP.
Picture 1: What is the premium import tax rate with petosel? _ Hotline: 0972118764
1. What is the preferential import tax rate for gasoline?
Previously, Decree No. 57/2020/ND-CP stipulated preferential import tax rates for motor gasoline and unleaded in group 27.10 (HS code from 2710.12.21 to 2710.12.29) in the preferential import tariff according to the list of taxable items is 20%.
Currently, according to Decree No. 51/2022/ND-CP, the Government reduce the import tax rate for motor gasoline and unleaded from 20% to 10%.
2. What is unleaded motor gasoline of heading 27.10?
Products of motor gasoline, unleaded of heading 27.10 are:
- Petroleum oils and oils obtained from bituminous minerals, other than crude;
- Preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being constituents the basis of such preparations;
- Waste oil.
The list of preferential import tax rates for a number of items in heading 27.10 is issued together with the Government's Decree No. 51/2022/ND-CP dated August 8, 2022.
Decree No. 51/2022/ND-CP issued by the Government takes effect from August 8, 2022.
Photo 2. Free legal advice _ Hotline: 097 211 8764
Socio-Economic General Department – TLK Law Firm
Dear readers, in addition to providing helpful knowledge and information on economic, cultural, and social life, TLK Law Firm also offers legal services, accounting tax, and trade promotion with many years of experience.
With the desire to perform social responsibility, in case you need advice on legal issues, please contact us at Hotline: 097 211 8764 for direct advice from a lawyer (completely free consultation).