Protection site

The environmental protection tax on kerosene will be halved in 2022

VIETNAM, December 31 –

The environmental protection tax on kerosene will be halved in 2022. – Photo VNA / VNS

HÀ NỘI – All the deputies of the National Assembly (AN) agreed on Friday to halve the environmental protection tax on jet fuel from today, the aviation sector being hit hard by COVID-19.

Lawmakers voted on the resolution at the NA Standing Committee meeting on Friday.

The tax will be set at 1,500 VN per liter from January 1, 2022 to December 31, 2022 and will drop to VNĐ 3,000 from January 1, 2023.

This is aimed at increasing levels of state support for aviation companies severely affected by the pandemic.

AN MPs agreed that the national aviation sector will be able to gradually recover in 2022 despite the challenges and unexpected development of the pandemic. The international aviation market will need more time to recover.

From July 2020 to the end of 2021, the environmental protection tax on kerosene was reduced by 30%.

Finance Minister Hồ Đức Phớc said halving the tax was an appropriate solution in relation to state policies to support businesses affected by COVID, contributing to post socio-economic recovery and development. -pandemic.

The reduction will also help encourage the growth of other high-tech economic sectors such as trade, tourism and services.

On the same day, legislators gave for the second time a feedback on fiscal and monetary policies for the implementation of the program of stimulus and socio-economic development.

At the opening session of the 6th session of the NA Standing Committee at the beginning of last month, NA President Vương Đình Huệ said that the project on building mechanisms, fiscal and monetary policies to support the implementation implementation of socio-economic recovery and development would be discussed at the first extraordinary session of the 15th NA in January

He said that these mechanisms and policies were separate and were not part of the five-year plans approved by the NA such as the socio-economic development plan, the medium-term financial plan of the state budget, the plan of public investment.

At a press conference Thursday on the first extraordinary session of the 15th NA, which is due to open on January 4 and end on January 11, the secretary general of the AN and president of the office of the AN, Bùi Văn Cường said if the fiscal and monetary policy package is adopted in early 2022, economic growth will be enhanced in 2022-2023 and throughout the term. However, if it needs to be approved by the NA during the May session.

He said the issues to be considered at the special session were both necessary and urgent in the service of national socio-economic development. – VNS