MoF allows gas import tax cut
The Ministry of Finance (MoF) today released Circular 208/2010/TT-BTC paving the way for lower gas import tariff to only 2 per cent.
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The move targets to stabilise the domestic gas market as gas prices on the world market went up.
Accordingly, the MoF will cut gas import taxes from the current 5 per cent to 2 per cent. The taxes of other types of natural gas are kept at 0 per cent.
The circular will come into effect since January 1, 2011 on.
Earlier, on December 3, tThe Viet Nam Gas Association asked the MoF to make the move in response to the world’s gas price hikes./.
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