Collection of environmental taxes on plastic bags

According to the environmental protection tax rate table stated in the draft resolution of the Standing Committee of the National Assembly, the taxable items of plastic bags will be subject to a tax of 45,000 VND / kg and petrol and oil may be subject to the environmental protection tax rate is between VND 300-1,000 / liter.

Plastic bags are subject to environmental protection tax. ( Artwork )

Thus, in the above environmental protection tariff, plastic bags will be taxed at 130% of the current selling price (calculated at the current price of VND 30,000 / kg).

The environmental protection tax rates in the draft resolution of the Standing Committee of the National Assembly are expected to take effect from January 1, 2012, and at the same time the effect of the Law on Environmental Protection Tax has been adopted. Association passed on November 15, 2010.

The Ministry of Finance said this high tax regulation aims to increase the price of plastic bags to limit the free distribution of plastic bags. Thereby reducing the use, contributing to changing behaviors, habits of consumer plastic bags.