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Vietnam Proposes Hiking Tax On Fuel

by Mary Swire, Tax-News.com, Hong Kong

01 June 2017


Vietnamese taxpayers may soon have to pay increased environmental tax on fuel.

The Government has proposed increasing the environment protection and special consumption tax levels on fuel, but said that supply will be ensured through import tax reductions.

The plan to increase the environmental tax cap on fuel to VND8,000 (USD0.35) per liter is contained in the draft Law on Environmental Protection Tax, set to be debated by the National Assembly in October.

TAGS: environment | tax | environmental tax | oil and gas | Vietnam

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