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increase environmental tax
News update related to environmental tax increase
Increase environmental tax on gasoline and oil from January 1, 2019
Each liter of gasoline will be subject to an environmental tax of VND4,000, and kerosene is VND1,000 from the beginning of 2019.
Economy
Increasing environmental tax on gasoline: a burden on people's shoulders
Gasoline prices are burdened by many taxes and fees. If we continue to increase taxes on gasoline, the price level will increase and the burden will fall on the people.
What will happen to gasoline prices if environmental tax increases?
In the newly published draft, the Ministry of Finance proposed to simultaneously increase environmental protection tax on gasoline from 3,000 VND per liter to 4,000 VND - the current maximum level.
National Assembly does not approve environmental tax increase on gasoline
The proposal to double the environmental protection tax bracket for gasoline and oil has not received consensus from the National Assembly's standing body.
Increase environmental tax on gasoline to a maximum of VND8,000 per liter
The Ministry of Finance still maintains the proposal to raise the environmental protection tax bracket for gasoline to 3,000 - 8,000 VND per liter.
VCCI: Businesses find it difficult to compete if gasoline 'bears' environmental tax
According to the Vietnam Chamber of Commerce and Industry (VCCI), increasing environmental protection tax on gasoline will hardly ensure compensation for budget deficit, and on the contrary, will cause Vietnamese enterprises to lose their competitive advantage against foreign competitors.
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