Finance ministry proposes halving environmental tax on fuel
The measure expected to help curb inflation by lowering retail fuel prices.
MoF proposes cuts to environmental tax on oil and gas
New draft resolution from Ministry of Finance recommends adjustments to taxes on oil and gas given rising prices.
Further cut to environmental tax on jet fuel to help airlines
The Ministry of Finance has proposed that the reduction on the environmental protection tax for jet fuel be changed from the current 30 per cent to 50 per cent from January 1 to the end of 2022. If approved, the 2022 budget would see revenue fall by more than VND1.5 trillion ($66.11 million). The policy will increase the financial capacity of airlines to overcome the difficulties from Covid-19.