Headlines 29/10/2018 09:07 SA

Environmental protection tax on petroleum officially hikes to approach tax range's upper limit from January 1, 2019

Hồng Phương

On September 26, 2018, the National Assembly’s Standing Committee passed the Resolution No. 579/2018/UBTVQH14 on the environmental protection tax schedule.

According to this Resolution, environmental protection taxes on the commodities mentioned below will peak in the environmental tax range from January 1, 2019 (the tax range defined in the Law on Environmental Protection):

- Petroleum, except ethanol fuel: VND 4,000/litre;

- Aviation fuel: VND 3,000/litre;

- Diesel oil: VND 2,000/litre;

- Mazut oil: VND 2,000/litre;

- Lubricating oil: VND 2,000/litre;

- Lubricating grease: VND 2,000/kg;

- Hydrochlorofluorocarbon (HCFC) solutions, including HCFC solutions existing in compounds containing HCFC solutions: VND 5,000/kg;

- Taxed plastic bags: VND 50,000/kg.

The Resolution No. 1269/2011/UBTVQH12 will become defunct from the entry into force of the Resolution No. 579/2018/UBTVQH14 (from January 1, 2019).

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