Import 6.52 million tons of petrol and oil

According to the General Department of Customs , from January 1, 2022 to September 30, 2022, Vietnam imported more than 6.52 million tons of petrol and oil , worth US$6.83 billion, up 22.7% in terms of volume. volume and increased 131.8% in value over the same period last year.

Implement fast customs clearance for imported petroleum products

Regarding tax policy, the General Department of Customs said that, on import tax, the Ministry of Finance has submitted to the Government for promulgation Decree No. 51/2022/ND-CP dated August 8, 2022 to amend the import tax rate. Preferential import tax for gasoline in heading 27.10 in the Preferential Import Tariff is from the tax rate of 20% to the tax rate of 10%. The Decree takes effect from August 8, 2022.

The special preferential import tax rate for gasoline of heading 2710.12 under the Special Preferential Import Tariff (FTA) is 8%; 8.8% and 20%; oil products of heading 2710.19 is 0%; 5%; 7%; 8% and 20%;

Regarding value-added tax, according to Article 3 of the Law on Value-Added Tax in 2008, goods and services used for production, business and consumption in Vietnam (including goods and services purchased from overseas organizations and individuals) are subject to value-added tax with 3 tax rates, of which the tax rate of 0% applies to exported goods and services; the tax rate of 5% for some groups of essential goods and services such as clean water, agricultural products and the tax rate of 10% for all other taxable goods and services.

Petroleum products are subject to a 10% value-added tax rate similar to many other groups of goods and services.

Regarding special consumption tax, according to the provisions of the Law on Special Consumption Tax, only excise tax is collected on gasoline, no special consumption tax is collected on oil of all kinds.

Pursuant to the Special Consumption Tariff in Article 7 of the Law on Special Consumption Tax in 2008 amended in 2014, the excise tax rate for gasoline is 10%, gasoline E5 is 8% and gasoline E10 is 7%.

Regarding environmental protection tax, the National Assembly Standing Committee has issued resolutions on reducing environmental protection tax for jet fuel, gasoline, oil and grease applied in 2022.

Specifically as follows: Reducing 50% of the environmental protection tax rate for jet fuel from January 1, 2022 to the end of December 31, 2022 (from VND 3,000/liter to VND 1,500/liter) according to Resolution No. No. 13/2021/UBTVQH15 dated December 31, 2021.

Reduce 50% of the environmental protection tax rate for gasoline, oil, grease and 70% of the environmental protection tax rate for kerosene from April 1, 2022 to the end of December 31, 2022 according to Resolution No. 18/2022/UBTVQH15 March 23, 2022.

Reducing the environmental protection tax rate for gasoline, oil and grease products to the floor level in the tax bracket specified in the Law on Environmental Protection Tax 57/2010/QH12 until the end of December 31, 2022 in accordance with Resolution No. 20/2022/UBTVQH15 dated July 6, 2022, effective from July 11, 2022.

Specifically: Gasoline: Reduced from 2,000 VND/liter to the floor level of 1,000 VND/liter; jet fuel: Reduced from 1,500 VND/liter to the floor level of 1,000 VND/liter; diesel: Reduced from 1,000 VND/liter to the floor level of 500 VND/liter; fuel oil, lubricating oil: Reduce from 1,000 VND/liter to the floor level of 300 VND/liter; grease: Reduce from 1,000 VND/kg to the floor level of 300 VND/kg; kerosene: Keep at 300 VND/liter because this is the floor in the tax bracket.

On September 30, 2022, the Ministry of Finance submitted a report No. 224/TTr-BTC to the Government on the National Assembly's Resolution Project on reducing the excise tax on gasoline and the value added tax on gasoline. oil.

Accordingly, the excise tax rate on gasoline (including E5, E10 gasoline) and the value-added tax rate shall be reduced to a maximum of 50% for gasoline of all kinds, jet fuel, diesel oil, etc. kerosene, fuel oil, lubricating oil, grease; assigned the National Assembly Standing Committee to decide on the specific reduction of the excise tax on gasoline and the value-added tax on gasoline as well as the time to apply the specific tax reduction in the case of world gasoline and oil prices. continued complicated developments, increased or remained at a high level, affecting the inflation index, macro-economy, livelihoods, people's living standards and economic growth.

Clearance of petroleum products is done quickly and conveniently

In order to continue to facilitate and further shorten the clearance time and promptly put goods into circulation on the market, the General Department of Customs has issued Document No. 3642/TCHQ-GSQL dated August 31, 2022 directing Customs Departments of provinces and cities shall expedite customs clearance for imported petroleum products.

At the same time, arrange officers and civil servants on duty to handle customs procedures, inspect, supervise and handle problems with imported petrol and oil, including days off, public holidays, and outside office hours to ensure customs clearance. /7. Actively grasp the actual situation, solve arising problems, direct to strictly handle cases that cause troubles for enterprises.

On June 15, 2020, the Government issued Decree No. 67/2020/ND-CP (Decree 67) amending and supplementing a number of articles of Decree No. 68/2016/ND-CP dated July 1. In 2016, regulations on business conditions for duty-free goods, warehouses, locations for customs clearance, gathering, inspection and customs supervision took effect from August 10, 2020.

Accordingly, in Clause 11 Article 1 of Decree No. 67 amending and supplementing Article 22 of Decree No. 68/2016/ND-CP dated July 1, 2016 on conditions for inspection and supervision of petroleum depots, traders Petroleum business has 02 years from the effective date of the Decree to complete the conditions as prescribed, such as installing tank level measuring device, automatic tank connecting online the quantity of petroleum exported, imported, and inventory with the agency. customs customs. That is, the implementation time will be from August 10, 2022.

This regulation helps the management agency to know accurately and timely the quantity of imported petrol and oil, and at the same time collect the right amount of tax to pay, improving the corporate governance efficiency.

Implementing the above Decree, the General Department of Customs has issued many documents to urge businesses and Customs to ensure the correct implementation of the content and time limit prescribed by law. Enterprises also had 2 years to prepare before Decree 67 took effect on regulations on tank standards. In the past time, the General Department of Customs has not received any complaints from businesses when implementing Decree No. 67/2020/ND-CP mentioned above.

Currently, there are 46 out of 52 major petroleum depots (accounting for nearly 88.5%) that meet the provisions of Decree No. 67/2020/ND-CP dated June 15, 2020 of the Government on the installation of petroleum products. and connect automatic tank level gauges with customs offices; 06 warehouses (accounting for 11.5%) have not yet met regulations.