The Vietnam General Department of Customs has been informed that Petrolimex might be trying to avoid VND64 billion (USD3.1 million) in new taxes.
| Petrolimex is suspected of avoiding tax |
On June 8, 2012, the Ministry of Finance issued Circular 94 to raise petrol import tariffs.
The tax on petrol will be raised from 4% to 7%, diesel will increase from 3% to 6% for and mazut and kerosene 5% to 8%.
On June 4, Petrolimex had come and filed their tax declaration for a diesel ship from the Middle East which is expected to arrive on June 17. The old tax rate of 3% would still applied.
The officers suspected that Petrolimex knew beforehand about the move to raise the import tax because the corporation previously always filed their declaration one or two days before the ship docked.
With this ship, Petrolimex registered and sent their declaration 14 days before the expected arrival date.
Petrolimex is one of 14 businesses that trade petrol and has the biggest market share in Vietnam.