Vietnam proposes drastically increasing ‘environment tax’ on petrol

TUOI TRE NEWS

Updated : 04/05/2017 13:00 GMT + 7

A woman refills her motorbike at a gasoline station in Ho Chi Minh City.
Tuoi Tre
The Vietnamese government is drafting an amendment to the law on environmental protection tax, which includes a proposal to more than double the current tax on gasoline.

The bill, prepared by the Ministry of Finance, suggests lifting the maximum environmental protection tax on gasoline to VND8,000 per liter from the current VND3,000.

Higher tax rates for other fuel products, such as diesel and fuel oil, are also proposed in the draft amendment.

The finance ministry is scheduled to collect feedback for the bill in April and submit a final draft to government in May. Tiếp tục đọc “Vietnam proposes drastically increasing ‘environment tax’ on petrol”