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Vietnam proposes to lift environmental tax on plastics bagsVietnam proposes to lift environmental tax on plastics bags |
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The Vietnamese Ministry of Finance is proposing to lift the environmental tax on plastics bags by VND10,000 per kilogram ($0.43) to VND50,000 ($2.2) per kilogram. If the proposal is approved, the new regulation would become effective starting 1 July 2018.
The implementation would help to increase the government tax revenue by VND13.5 billion ($593,000) per annum while stimulating companies and consumers to produce and use more environmental friendly products.