Regarding the recent increase in petrol prices, the National Assembly deputies proposed to reduce more taxes to “cool down” gasoline prices. Faced with this situation, Finance Minister Ho Duc Phuc posted a forum to answer questions at the National Assembly.

The Lao Dong newspaper reported, Minister Ho Duc Phuc said that the price of gasoline is currently increasing, but compared to neighboring countries of Vietnam such as Laos, the price is still higher than the price of gasoline in our country about 10,000-11,000 VND/liter. . The price in Thailand and Cambodia is also higher by about 2,000 – 3,000 VND/liter.

The head of the Ministry of Finance said, whether there is a tax reduction or not? This issue falls under the jurisdiction of the National Assembly Standing Committee and the National Assembly.

Petrol prices in the country increased to a record high, should tax on gasoline be further reduced? first
Minister of Finance Ho Duc Phuc. Pictures of VTV

Also related to the reduction of petroleum environmental tax, according to Minister Phuc, for gasoline, the environmental protection tax is 4,000 VND/liter, the Ministry has proposed and approved by the National Assembly Standing Committee to reduce 2,000 VND. environmental tax/liter. This tax reduction, in general, reduces the loss of about VND 24 trillion in budget revenue.

The remaining 2,000 VND/liter of petrol and oil environmental tax, according to the provisions of the Law, the National Assembly Standing Committee can only decide to reduce another 1,000 VND/liter. To reduce all 2,000 VND/liter of environmental tax in petrol, it falls under the competence of the National Assembly.

As for the 10% excise tax, 10% VAT, whether to reduce tax or not is also under the competence of the National Assembly.

The minister said that in the immediate future, the ministry will assess the impact, report to the Government to submit to the National Assembly Standing Committee, and submit to the National Assembly that it can further reduce taxes on petroleum products to reduce the price of this item.

However, the commander of the Finance sector also added that the tax reduction should be done in a synchronous manner, if only reducing taxes to reduce prices but still allowing smuggling to occur, then inadvertently, the cash flow will flow to the country. foreign.

Petrol prices in the country increased to a record high, should tax on gasoline be further reduced? 2
Illustration

In addition, the price depends not only on the tax issue, but also on the supply-demand relationship.

Where do we buy gasoline for good and cheap? Buy in Singapore, Korea or Malaysia? Do we have to find a supply? We will discuss this with the Ministry of Industry and Trade.”VTV electronic quoted the Minister of Finance as saying.

Besides, Mr. Phuc said that domestic production must be boosted to increase supply. Annual domestic demand for petroleum is 21 million tons/year, domestic production is about 11 million tons. Currently, Binh Son factory has reached 100% capacity, while Nghi Son’s output is low, so it is necessary to take measures to increase capacity.

Regarding the issue of petrol prices, National Assembly Chairman Vuong Dinh Hue requested the Finance Minister to review the regulations, clearly stating which tax schedule is the responsibility of the National Assembly, the National Assembly Standing Committee and the National Assembly. Government.

The National Assembly Chairwoman also asked the Ministry of Finance to review all tools and solutions to support price control, because prices are operated according to market principles but under the management of the State.

“Currently, voters and people are looking forward to policies to reduce petrol prices. Therefore, the Minister needs to pay attention and express his views with specific proposals and documents to the competent authorities. consider decision”the President of the National Assembly requested.


 


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