Finance ministry proposes to halve excise, VAT taxes on petrol products
The tax cut is scheduled to take effect in six months, subject to the approval of the Standing Committee of the National Assembly.
The tax cut is scheduled to take effect in six months, subject to the approval of the Standing Committee of the National Assembly.
Diesel has been the most imported product since early this year, making 60% of the total, or 3.17 million tons.
Once approved by the National Assembly, the cut will take effect on August 1.