- Vietnam has implemented a temporary 0% VAT rate on gasoline, diesel, and aviation fuel from March 26 to April 15, 2026.
- Businesses are exempt from VAT declaration and payment on fuel, but can still recover input VAT.
- Environmental protection tax is waived and special consumption tax on gasoline is reduced to zero.
- These measures are expected to reduce state budget revenues by about 7.2 trillion Vietnamese dong (approximately 287.8 million USD) per month.
Source: vatcalc.com
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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