It is expected to continue to reduce the environmental protection tax on gasoline and oil by 50% until the end of 2024 in Vietnam
Is it expected to continue to reduce the environmental protection tax on gasoline and oil by 50% until the end of 2024 in Vietnam? - Mr. Tu (Ha Noi).
It is expected to continue to reduce the environmental protection tax on gasoline and oil by 50% until the end of 2024 in Vietnam
According to the draft resolution of the Standing Committee of the National Assembly on the level of environmental protection tax for gasoline, oil, and lubricants, it is proposed to continue to reduce the environmental protection tax on gasoline and oil by 50% until the end of 2024.
Specifically, the proposed level of environmental protection tax for gasoline, oil, and lubricants is as follows:
|
No. |
Goods |
Unit |
Tax level (VND/unit of goods) |
|
1 |
Gasoline, except ethanol |
liter |
2,000 |
|
2 |
Aviation fuel |
liter |
1,000 |
|
3 |
Diesel oil |
liter |
1,000 |
|
4 |
Kerosene Oil |
liter |
600 |
|
5 |
Mazut oil |
liter |
1,000 |
|
6 |
Lubricant |
liter |
1,000 |
|
7 |
Grease |
kg |
1,000 |
The draft resolution on the level of environmental protection tax for gasoline, oil, and lubricants is expected to be submitted to the Standing Committee of the National Assembly in November 2023.
If the draft resolution is approved, the level of environmental protection tax for gasoline, oil, and lubricants will continue to be reduced by 50% until the end of 2024.
From January 1, 2025, the level of environmental protection tax for gasoline, oil, and lubricants will be implemented in accordance with the provisions of Clause 1, Article 1 of Resolution 579/2018/UBTVQH14, unless there is another document to replace, amend, or supplement it.
It is expected to continue to reduce the environmental protection tax on gasoline and oil by 50% until the end of 2024 in Vietnam - Source: Internet
What is the taxable time for environmental protection tax for gasoline, petroleum produced or imported for sale in Vietnam?
Pursuant to Article 9 of the Law on Environmental Protection in 2010 stipulating the taxable time for environmental protection tax as follows:
Taxable time
1. For goods manufactured, sold, exchanged, donated, taxable time is the time transferring the ownership or right to use goods.
2. For manufactured goods brought into internal consumption, taxable time is the time when taxable goods brought into use.
3. For imported goods, taxable time is the time of registration of customs declarations.
4. For gasoline, petroleum produced or imported for sale, taxable time is the time when the business hub of petrol and oil sold.
As regulations above, the taxable time for environmental tax for gasoline, petroleum produced or imported for sale in Vietnam is the time when the business hub of petrol and oil sold.
What are taxable subject regarding environmental protection tax in Vietnam?
Pursuant to Article 3 of the Law on Environmental Protection in 2010 stipulating taxable subject regarding environmental protection tax as follows:
- Gasoline, oil, grease, including:
+ Gasoline, except ethanol;
+ Aircraft fuel;
+ Diesel oil;
+ Kerosene Oil;
+ Mazut 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.
Who are taxpayer of environmental protection tax in Vietnam?
Pursuant to Article 5 of the Law on Environmental Protection in 2010 stipulating taxpayer as follows:
Taxpayer
1. Environmental protection taxpayer is organizations, households and individuals producing, importing goods under taxable subject provided for in Article 3 of this Law.
2. Environmental protection taxpayer in some specific cases shall be provided for as follows:
a) in case of goods importing commission, the person who entrusted importing goods shall be taxpayer;
b) In cases where organizations, households and individuals act procurement hub of coal to develop small, retail but they can not produce the documents proving that goods have been paying environmental protection tax, the organizations, households individuals act as procurement hub shall be taxpayer.
As regulations above, taxpayer of environmental protection tax in Vietnam are:
- Environmental protection taxpayer is organizations, households and individuals producing, importing goods under taxable subject provided for in Article 3 of the Law on Environmental Protection in 2010.
- Environmental protection taxpayer in some specific cases shall be provided for as follows:
+ In case of goods importing commission, the person who entrusted importing goods shall be taxpayer;
+ In cases where organizations, households and individuals act procurement hub of coal to develop small, retail but they can not produce the documents proving that goods have been paying environmental protection tax, the organizations, households individuals act as procurement hub shall be taxpayer.
Best regards!
