31.7 C
Ho Chi Minh City
Thursday, December 19, 2024

Tolls adjusted up on four expressways as VAT back to 10%

The Saigon Times

Must read

HCMC – Tolls on four expressways in the country have increased slightly since January 1, 2023, as the value-added tax (VAT) was adjusted up from 8% to 10%, according to the Vietnam Expressway Corporation (VEC).

The four expressways are Noi Bai-Lao Cao, Cau Gie-Ninh Binh, Danang-Quang Ngai and HCMC-Long Thanh-Dau Giay.

The fee for passenger vehicles on the entire route of the Phap Van-Ninh Binh Expressway increases from VND103,000 to VND110,000.

Passenger vehicles are charged VND102,000 on the HCMC-Long Thanh-Dau Giay Expressway, instead of VND98,000 before January 1.

The Government cut the value-added tax on expressway services from 10% to 8% from February 1 to December 31, 2022, in accordance with the National Assembly’s resolution intended to support businesses and households in the post-pandemic economic recovery effort.

Electronic toll collection has been applied on those four roads since August 2022, so road users can no longer benefit from rounding up the fees.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles