Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Free Newsletter Sign Up

Vietnam to Cut Environment Fuel Taxes From April Until End-2022

March 23, 2022, 12:16 PM

Vietnam to reduce environmental protection taxes on petroleum products, starting April 1 till end of this year, according to a posting on the country’s National Assembly, citing its standing committee’s meeting Wednesday.

  • Environmental protection tax on gasoline to be cut to 2,000 dong a liter from 4,000 dong per liter
    • Diesel, mazut and lubricant to be reduced by 50% to 1,000 dong per liter
    • Kerosene to be decreased to 300 dong per liter from 1,000 dong per liter
    • Jet fuel to remain at 1,500 dong per liter
  • NOTE: Vietnam Min. Seeks 50% Cut in Environ. Fuel Taxes: Tuoi Tre (2) ...