- The Ministry of Finance proposes exempting environmental protection tax, value-added tax, and special consumption tax on gasoline, diesel, and jet fuel until June 30, 2026.
- The proposed tax rates for gasoline (excluding ethanol), diesel, and jet fuel are 0 VND/liter, and the special consumption tax rate for all gasoline types is 0%.
- These fuels will not be subject to value-added tax declaration or payment but can still deduct input VAT.
- The resolution is expected to take effect from April 16, 2026, to June 30, 2026, with possible adjustments by the government if necessary.
- The tax exemption aims to lower retail prices and respond quickly to global fuel price fluctuations.
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.
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