- Vietnam plans to impose a special consumption tax on petrol to meet environmental commitments
- Finance Minister Nguyen Van Thang discussed this at the National Assembly session on May 9
- Environmental pollution is increasing, and a petrol tax is needed to change consumer behavior
- A special consumption tax on petrol has existed since 1998
- Transitioning to eco-friendly alternatives requires comprehensive policies, including fuel taxation
- Vietnam aims for net-zero emissions by 2050, as pledged at COP26
Source: thestar.com.my
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Vietnam"
- Vietnam’s New Tax Compliance Rules for E-Commerce and Digital Platforms Effective July 2025
- Vietnam Updates VAT Regulations: New Decree Clarifies Exemptions, Rates, and Refund Conditions
- Vietnam Amends VAT Law: New Decree on Taxable Goods, Rates, and Refunds Effective July 1
- Criteria for Determining VAT Reduction Eligibility for Fireproof Steel Doors in Vietnam
- Taxable and Non-Taxable VAT Subjects from July 1, 2025: New Regulations Explained
