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Update news environment fee
The new environmental fees imposed on gas-emitting facilities under a draft decree could lead to duplicate taxation.
The Ministry of Finance (MOF) has proposed raising the environmental protection tax to offset the decrease in tax collection caused by tariff cuts under foreign trade agreements (FTAs).
VietNamNet Bridge - The Ministry of Finance (MOF) plans to ask petroleum traders to pay 0.5 percent of their annual sales to the environmental risk prevention fund.
VietNamNet Bridge - Coal exploiters have been warned they will have to pay higher environmental fee of up to VND14,000 per ton, an increase of VND4,000 per ton if the draft decree compiled by the Ministry of Finance (MOF) gets government’s approval.
VietNamNet Bridge - The Vietnam Clean Energy Association (VCEA) has proposed raising the environmental fee on coal and oil to encourage the development of renewable energy and prevent the overexploitation of fossil fuel.
VietNamNet Bridge – Vietnam National Coal and Mineral Industries Group (Vinacomin) has again proposed the Ministry of Finance cut the environmental protection fee on its bauxite projects by 90%.
The Ministry of Finance’s warning about the lack of VND32 trillion for state budget expenditures this year has raised concerns among businesses, as the ministry could try to raise domestic taxes and fees to ease the deficit.
VietNamNet Bridge - The Civil Aviation Authority of Vietnam (CAAV) has confirmed that airlines will have to include the environment fee in their adjustments of airfare ,but it is still unclear how this would be implemented.
Vinacomin has asked for the Prime Minister’s intervention after its proposal to lower the environment fee was refused by the Ministry of Finance.
VietNamNet Bridge – The question remains unanswered, because this has not been mentioned in any legal documents.