Finance ministry proposes extension of 50% environmental tax cut on fuels
The extension expected to last through 2026.
Topic: environmental protection tax
Environmental protection fees for emissions to impact 8 key facility types starting Jan. 5
Decree 153/2024/ND-CP clarifies that paying these fees does not confirm the legal discharge of emissions.
National Assembly agrees to extend environmental protection tax cut for petrol, oil, and lubricants
The tax cut, scheduled to expire on January 1, 2025, will last until the end of the year.
Budget revenue to fall as taxes cut
The Ministry of Finance has reported that reductions to floor levels in environmental protection taxes for gasoline, oil, and grease will cut State budget revenue this year by more than VND33 trillion ($1.4 billion).