- Vietnam extended preferential import duty reductions on gasoline, diesel, fuel oil, jet fuel, and certain petrochemical feedstocks through 31 Dec 2026; the reduced MFN import duty rates remain at 0% for specified HS codes.
- The extension also covers environmental protection tax relief under National Assembly Resolution 19/2026/QH16 through 31 Dec 2026, keeping the tax at VND 0 per liter for gasoline (except ethanol), diesel, kerosene, mazut, and jet fuel.
- VAT treatment for gasoline, oil, feedstock, and jet fuel under Resolution 19/2026/QH16 is also extended through 31 Dec 2026; these goods remain outside VAT declaration/payment but input VAT remains creditable.
- The new government resolution is effective from 1 Oct 2026 to 31 Dec 2026; excise tax on gasoline continues under the Excise Tax Law.
- The government may adjust the period earlier or later if needed to support energy security, price stability, macroeconomic stability, and inflation control.
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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