The resolution introducing key provisions on environmental protection tax, value-added tax and excise tax applicable to petrol, oil and aviation fuel passed by the National Assembly on April 12 takes effect from April 16, 2026, to June 30, 2026.

The National Assembly on April 12 adopted a resolution
introducing key provisions on environmental protection tax, value-added tax and
excise tax applicable to petrol, oil and aviation fuel.

Earlier, lawmakers heard Minister of Finance Ngo Van Tuan,
authorised by the Prime Minister, present a report explaining, reviewing and
revising the draft resolution. The Government fully incorporated feedback from
the National Assembly Standing Committee, the Committee on Economic and
Financial Affairs, and deputies, and completed the draft in coordination with relevant
agencies in accordance with legislative procedures.

Under the resolution, which consists of four articles, the
environmental protection tax rate is set at zero for petrol (excluding
ethanol), diesel, kerosene, mazut fuel oil and aviation fuel.

These products are also not subject to VAT declaration or
payment, but input VAT remains deductible.

The excise tax rate on all types of petrol is set at 0%.

The resolution takes effect from April 16, 2026, to June 30,
2026.

It also allows the Government to adjust the effective period
and, in urgent cases, amend tax-related provisions to respond to market
fluctuations, subject to subsequent reporting to the National Assembly.

During its validity, the resolution will prevail in case of
inconsistencies with other legal documents on the three tax categories.
Businesses and importers of the specified fuel products are not required to
declare or pay VAT at import or sale stages.

Other tax matters not covered in the resolution will
continue to be governed by existing laws and regulations on taxation and tax
administration. – (VNA)

VNA-