- The National Assembly is considering reducing environmental protection, value-added, and special consumption taxes on gasoline, oil, and jet fuel to 0 until the end of June 2026.
- The proposed tax reduction would apply from April 16, 2026, to June 30, 2026, with the Prime Minister authorized to adjust the policy period as needed.
- The Economic and Financial Committee agrees with the government’s proposal but recommends comprehensive measures to ensure transparency, supply chain stability, and strict control of speculation.
- Some members suggest extending the policy period due to the impact of the Middle East conflict on fuel prices.
- There is consensus on the need for flexible policy adjustment authority due to unpredictable global developments.
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"
- Official Guidance on VAT, Invoicing, Sales Discounts, Returned Goods, and Input VAT Corrections
- VAT Refund Guidance for Imported Goods Subsequently Exported: Official Letter No. 2213/CT-CS
- VAT Guidance on Compensation Payments Not Related to Goods or Services (Official Letter No. 1831/CT-CS)
- Vietnam Amends VAT Rules: New Exemptions, Deduction Criteria, and Export Product Updates
- VAT Declaration and Input Credit Adjustment for Deferred Payments Over VND 5 Million
