Reduce the environmental protection tax rates on petrol by 50%

On March 23, 2022, the National Assembly Standing Committee issues the Resolution No. 18/2022/UBTVQH15 on the environmental protection tax rates imposed on petrol, oil and grease.

Accordingly, from April 01, 2022 until the end of December 31, 2022, reduce the environmental protection tax rates imposed on petrol (except for ethanol), diesel oil, fuel oil, lubricant oil and grease by 50% from April 01, 2022 until the end of December 31, 2022; Reduce the environmental protection tax rate imposed on kerosene by 70%;

- Gasoline (except for ethanol) shall be reduced by VND 2,000/liter, from VND 4,000/liter to VND 2,000/liter.

- Diesel oil, fuel oil, lubricant. shall be reduced by VND 1,000/liter, from VND 2,000/liter to VND 1,000/liter.

- Grease shall be reduced by VND 1,000/liter, from VND 2,000/liter to VND 1,000/liter.

- Kerosene shall be reduced by VND 700/liter, from VND 1,000/liter to VND 300/liter.

*Reduce the environmental protection tax rates on petrol by 50% (Illustration)*

Particularly, the price of flight fuel stays the same with the current regulations of VND 1,500/liter in accordance with the Resolution No. 13/2021/UBTVQH15 dated December 31, 2021 of the National Assembly Standing Committee.

The application time is from April 01, 2022 to the end of December 31, 2022. From January 01, 2023, this duty rate shall return to the old rate in accordance with the Resolution No. 579/2018/UBTVQH14.

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