Vietnam: What are the 28 sub-sections for environmental protection tax payment in 2024?

What are the 28 sub-sections for environmental protection tax payment in 2024 in Vietnam?

According to point b, clause 1, Article 4 of Circular 324/2016/TT-BTC, a sub-section (also known as an economic content code - NDKT) is a detailed classification of sections, used to categorize state budget revenues and expenditures in detail according to the management subjects within each section.

Under Appendix 3 of List of sections and sub-sections issued with Circular 324/2016/TT-BTC, supplemented by point b, clause 4, Article 1 of Circular 93/2019/TT-BTC, the sub-sections for environmental protection tax payment  in 2024 are as follows:

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What are the 28 sub-sections for environmental protection tax payment in 2024 in Vietnam? (Image from the Internet)

What are the objects subject to environmental protection tax in Vietnam?

According to Article 3 of the Environmental Protection Tax Law 2010, the objects subject to environmental protection tax in Vietnam include:

- Gasoline, oil, grease, including:

+ Gasoline, except ethanol;

+ aircraft fuel;

+ diesel oil;

+ Petroleum;

+ Fuel oil;

+ lubricants;

+ Grease.

- Coal, including:

+ Lignite;

+ Anthracite Coal (anthracite);

+ Fat coal;

+ Other coal.

- Hydrogen-chlorofluorocarbon liquid (HCFC).

-. Taxable-plastic bag.

- Herbicide which is restricted from use.

- Pesticide which is restricted from use.

- Forest product preservative which is restricted from use.

- Warehouse disinfectant which is restricted from use.

- When it is necessary to supplement other taxable objects as per period, the National Assembly Standing Committee shall consider and regulate.

What are the objects not subject to environmental protection tax in Vietnam?

According to Article 4 of the Environmental Protection Tax Law 2010, the objects not subject to environmental protection tax in Vietnam include:

- Goods not specified in Article 3 of this Law shall not be subject to environmental tax.

- Goods provided for in Article 3 of this Law shall not be subject to environmental tax in the following cases:

+ Goods transported in transit or transshipped through the border gate, Vietnam border in accordance with the law, including the transportation of goods from exporting countries to importing countries through the border gate of Vietnam but it is not made import & export procedures into and out of Vietnam; transit goods through the border gate, the border of Vietnam on the basis of agreements signed between the Government of Vietnam and a foreign government or an agreement between agencies, representative authorized under the provisions of law by government of Vietnam and foreign governments;

+ Goods temporarily imported for re-export within the time limit prescribed by law;

+ Goods directly exported by production facilities or entrusted for the export business to export, except for organizations, households and individuals to purchase goods which environmental protection taxable subject to export.

What are the absolute environmental protection tax rates in Vietnam?

According to Article 8 of the Environmental Protection Tax Law 2010, the tax bracket is as follows:

- Absolute rates are specified in the tariff table below:

- On the basis of the tax bracket, the National Assembly Standing Committee provide for specific tax rate to each type of dutiable goods ensuring the following principles:

+ The tax rate on taxable goods in line with socio-economic development policy – social in each period;

+ The tax rate on taxable goods shall be determined under the extent of causing negative environmental impacts of the goods.