Environment tax hike on fuels postponedA plan to slap the environmental protection tax of VND3,000-8,000 per liter on fuels, up from the current VND1,000-4,000, will be resent to the National Assembly (NA) in October next year, effectively putting off the tax hike.According to news website Dan Tri, Deputy Prime Minister Vuong Dinh Hue assigned the Ministry of Finance to coordinate with the Ministry of Justice and other relevant ministries, agencies and localities to review and complete the draft of the amended environmental protection tax law including the new environment protection tax rates and submit to the NA for approval next year.On September 13 last year, the NA Standing Committee discussed the draft law.NA chairwoman Nguyen Thi Kim Ngan said the Government should increase State budget revenue by enhancing fee collection management, reducing tax arrears and fighting tax evasion and trade fraud, instead of hiking taxes.The proposal to raise the environment protection tax on fuels is unreasonable as the products do not cause the most serious environmental pollution while tax revenue from fuels accounts for over 93% of the total environment protection tax revenue, Ngan said.Therefore, NA chairwoman Ngan proposed the Ministry of Finance prepare the draft law more carefully and…
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