In the context of the volatile world oil market, the price of crude oil on the world market tends to increase, the situation of the COVID-19 epidemic in the world and at home is still complicated, today 22 On February 2, the Prime Minister issued an Official Letter Number 160/CD-TTg concerning Guarantee of Fuel and Oil Supply for Domestic Market.
In the Official Letter, the Prime Minister assigned the Ministry of Finance to assume the main responsibility, and coordinate with the Ministry of Industry and Trade and relevant agencies in, studying and proposing plans to adjust the environmental protection tax policy.
Carrying out the directives of the Prime Minister, the Ministry of Finance has studied and developed the project of the Resolution of the Standing Committee of the National Assembly on environmental protection tax rates for gasoline, oil and fats according to a shortened sequence and procedure.
Based on the proposal of the Ministry of Industry and Trade, the unanimous participation of the ministry and carrying out the directives of Deputy Prime Minister Le Minh Khai, the Ministry of Finance has completed the project and the resolution of the Standing Committee of the Ministry of Finance of the National Assembly to adjust environmental protection tax rates for gasoline, oil and fats.
Gasoline prices are at record highs and may continue to rise in the adjustment period tomorrow (11 March). Source: Vietnam National Petroleum Corporation – Petrolimex
Therefore, it is proposed to reduce the environmental protection tax rate for gasoline to 2,000 VND/liter; diesel, fuel oil, lubricating oil is 1,000 VND/liter; fat is 1000 VND/kg; kerosene is 700 VND/liter. At the same time, the Ministry of Finance proposed that the resolution be effective from April 1, 2022 until the end of December 31, 2022.
With the reduction of environmental protection tax rates for gasoline, oil and grease, it is expected that the amount of environmental protection tax levied on the above goods (calculated based on consumption output of gasoline, oil, grease, etc.) in 2019) will decrease by approximately 29,035 billion VND/ year, thereby reducing state budget revenues.
at Blogtuan.info – Source: autopro.com.vn – Read the original article here