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Gov't urged to cut gas import tax

Update: February, 04/2012 - 09:43


A gas warehouse owned by the Southern Gas Company in the southern city of Can Tho. The Viet Nam Gas Association has asked the Government to cut the gas import tax to help reduce retail prices. — VNA/VNS Photo Ha Thai
HCM CITY — The Viet Nam Gas Association has proposed in an official letter to the Prime Minister and the Finance Ministry that the tax on imported gas be reduced from 5 per cent to 2 per cent.

If approved, each 12-kg gas cylinder would fall in price by VND7,000 to VND10,000.

The gas import tax went up 2-5 per cent on January 1.

"The proposed gas tax would reduce so-called gas fever, helping both enterprises and customers," said Nguyen Si Thang, chairman of the Viet Nam Gas Association.

The association said it would require its members to reduce prices if the lower tax was approved.

"It is the first time that the world gas price has gone up to US$1,000 per tonne, and it is expected to rise even further," Thang added.

The association's proposal will be considered soon.

"The target for tax policy in 2012 is to stabilise market prices and restrict inflation," said Luu Duc Huy, deputy head of the Finance Ministry's Tax Policy Department.

At the same time, two gas dealers, Dai Viet and Than Tai Gas, were fined between VND10 million and VND30 million each by HCM City's Finance Department because they increased prices without permission.

The municipal Market Management Office plans to increase inspections of petrol, oil and gas-related activities in the city.

Along with checking quality, licences, prices and safe conditions will also be examined. — VNS

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