- From March 26, 2026 (24:00) to April 15, 2026, environmental protection tax on gasoline (except ethanol), diesel, and jet fuel is reduced to 0 VND/liter.
- Special consumption tax rate on all types of gasoline is set at 0%.
- These fuels are exempt from VAT declaration and payment but can still deduct input VAT.
- The tax reduction aims to stabilize the fuel market and support citizens and businesses amid global energy price surges due to the Hormuz Strait crisis.
- The policy is expected to reduce state budget revenue by about 7,200 billion VND per month but is considered an urgent and effective solution for national energy security.
Source: baochinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Vietnam"
- A Guide to Indirect Taxes in Vietnam: VAT, Special Consumption, Import, and Export Duties
- Tax Authorities to Audit Loss-Making and Low-Profit Enterprises in 2026 for Tax Compliance
- New VAT Refund Regulations for Goods Carried by Foreigners and Overseas Vietnamese Upon Exit
- China and Vietnam Sign Customs Cooperation Agreement to Combat Smuggling and Facilitate Trade
- Vietnam Eases E-Invoicing Rules for E-Commerce and Low-Value Transactions, Proposes New Exemptions
