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Monday, July 15, 2024

Transportation charges continue falling

The Saigon Times

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HCMC – The Ministry of Finance (MOF) has proposed cutting some transportation fees by 50% in a draft circular detailing the collection rates of fees and charges in the transportation sector.

The proposed collection rates which apply to the tonnage fees and maritime safety assurance charge, charge for entering or leaving seaports for inland maritime activities, will be 80% of the current rates as provided in Circular 261/2016/TT-BTC.

Charges for the use of railway infrastructure are proposed to enjoy a 50% reduction, based on the revenue of railway business operations.

For the charge for entering or leaving seaports for inland maritime activities and waterway reporting fees, the MOF proposed a new collection rate at 50% of the current rates. The new rate shall be effective as of the date of issuance of the circular till the end of December 31, 2022.

As of January 1, 2023, the collection rates of the above fees and charges shall be applied in compliance with Circular 261/2016/TT-BTC and Circular 295/2016/TT-BTC.

In the last eight months, the MOF has proposed reducing 35 types of fees and charges. Some 37 fees and charges have been cut until the end of June 2022 and others will continue to be reduced to support residents and enterprises in easing hardships after the pandemic, totaling up to VND900 billion.

Though the continuous reduction of fees and charges has affected the State budget, the MOF will manage to roll out fiscal supporting packages from now until the end of 2022 to help socio-economic development recover under the guidance of the Government.

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