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environmental protection tax
Updated news related to environmental protection tax
In 2023, Nghe An will reduce 1,000 billion VND in environmental protection tax
(Baonghean.vn) - A representative of the Tax Department said: In 2023, Nghe An's budget revenue will not be high due to the Government's policy of exempting, reducing, and extending some tax collections.
Economy
Immediately implement the Resolution of the National Assembly Standing Committee on environmental protection tax rates for gasoline, oil, and grease.
In Document No. 4280/VPCP-KTTH, Deputy Prime Minister Le Minh Khai assigned the Ministry of Finance to preside over and coordinate with relevant ministries and agencies to immediately implement Resolution No. 20/2022/UBTVQH15 on environmental protection tax rates for gasoline, oil, and grease.
The National Assembly Standing Committee passed a resolution to reduce environmental protection tax on gasoline.
The National Assembly Standing Committee held an extraordinary meeting on the morning of July 6 and decided, within its authority, to continue reducing environmental protection tax on gasoline, oil, and grease.
Vietnam plans to increase national petroleum reserves
National reserves of gasoline will be increased by 1 month, about 4 times the current amount, from now until 2025.
From 0:00 today, April 1: Each liter of gasoline decreased by more than 1,000 VND, oil price increased
From 0:00 on April 1, each liter of gasoline decreased by 1,030-1,040 VND while diesel increased by 1,450 VND.
Policies effective from April 2022
Policies for workers and defense officials who quit their jobs; Tourism workers are supported with vocational training of 1.5 million VND/month; Environmental protection tax reduction on gasoline from April 1, 2022... are new policies that will take effect from April 2022.
Nghe An: 8-month budget revenue reached 7,780 billion VND
(Baonghean.vn) - In August 2019, Nghe An Tax Department collected 7,780 billion VND, equal to 123% over the same period, reaching 71% of the Central budget estimate, 66% of the Provincial People's Council budget estimate.
Environmental tax bracket has not been extended to 8,000 VND for gasoline
March 13, 2019 06:54
The Government requests to withdraw the Draft Law amending and supplementing a number of articles of the Law on Environmental Protection Tax from the 2019 law and ordinance making program.
Gasoline price decreased by more than 500 VND/liter from 0:00 on January 1, 2019
January 1, 2019 06:46
The Ministry of Industry and Trade - Ministry of Finance has just released information on adjusting retail gasoline prices on the first day of the new year 2019. Accordingly, from 0:00 on January 1, 2019, each liter of E5 RON 92 gasoline decreased by 515 VND, RON 95 gasoline by 538 VND. Oil products decreased more deeply, 733-1,092 VND per liter, kg depending on the type.
6 outstanding policies effective from January 2019
December 28, 2018 09:17
(Baonghean.vn) - Officially increasing regional minimum wages; Dramatically increasing environmental tax on gasoline and oil; New hospital fees for patients with and without health insurance; Network operators must ensure the confidentiality of user information... are new circulars and policies in the socio-economic fields that take effect from January 2019.
The government proposed to dramatically increase the environmental tax on gasoline.
May 16, 2018 15:16
Each liter of gasoline will be subject to an environmental tax of VND4,000 and oil will be subject to VND2,000, both of which are the highest rates under the current framework.
Ministry of Industry and Trade rejects proposal to "revive" A92 gasoline
March 30, 2018 06:22
The Ministry of Industry and Trade rejected Saigon Petro's proposal to resell A92 gasoline and asked the company to avoid causing negative public opinion about the policy of using E5 gasoline.
How is environmental protection tax collected from gasoline used?
February 26, 2018 21:05
The Ministry of Finance said that in the 2012-2016 period, state budget expenditure on environmental protection was higher than total revenue from environmental protection tax.
Proposal to increase gasoline tax to 4,000 VND per liter
February 23, 2018 06:54
From July 1, 2018, environmental protection tax on gasoline is expected to increase by VND1,000/liter, to a ceiling of VND4,000/liter; other oil products will increase by VND500 - VND1,100/unit.
The National Assembly did not approve increasing environmental tax on gasoline.
September 14, 2017 11:05
The proposal to double the environmental protection tax on gasoline and oil has not received consensus from the National Assembly's standing body.
Discontinuing Ron 92 gasoline, will gasoline prices be cheaper?
September 1, 2017 08:23
From January 1, 2018, R92 gasoline will be completely replaced with E5 gasoline, and from 2019, it will be completely replaced with E10 gasoline. The Ministry of Finance has proposed to reduce the import tax on bioethanol. If approved, gasoline prices will be cheaper.
Petroleum Association: People have the responsibility to pay more environmental tax
May 17, 2017 06:11
To compensate for the revenue loss from reduced import tax, leaders of the Petroleum Association support early increases in domestic taxes, including special consumption and environmental protection.
1 liter of gasoline will bear 8,000 environmental tax
January 14, 2017 11:01
The Ministry of Finance is seeking comments on the draft Law amending and supplementing the Law on Environmental Protection Tax, in which gasoline is expected to be subject to a maximum environmental protection tax of VND8,000/kg.
Nghe An: Environmental protection tax collection reaches nearly 500 billion VND
September 8, 2016 07:26
(Baonghean.vn) - As of August 31, the balanced domestic revenue in the province reached 6,022 billion VND, equal to 74% of the Central budget estimate, 67% of the People's Council budget estimate and 117% compared to the same period. Notably, environmental protection tax revenue reached nearly 500 billion VND.
Each liter of gasoline can carry 4,000 VND in environmental protection tax.
March 31, 2016 15:10
The option of increasing environmental protection tax on gasoline to the ceiling may be considered by the Government as a solution to complete the 2016 budget collection task.
Environmental protection tax on gasoline increased 3 times
May 2, 2015 10:36
Environmental protection tax on gasoline and jet fuel will be adjusted to increase from VND1,000/liter to VND3,000/liter.
Increase 300% environmental protection tax on gasoline
March 10, 2015 21:24
The National Assembly Standing Committee agreed to increase environmental protection tax on gasoline from VND1,000/liter to VND3,000/liter.
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