Vietnam: Extension of reduced environmental protection taxes on fossil fuels through 2025
Reduced rates for gasoline, oil, and other fossil fuels
The Standing Committee of the National Assembly on December 24, 2024, approved Resolution 60/2024/UBTVQH15, which extends the reduced environmental protection taxes on gasoline, oil, and other fossil fuels until December 31, 2025.
The new rates include VND 2,000/litre for gasoline and VND 1,000/litre for diesel and aviation fuel, following similar reductions in previous years.
For more information, contact a KPMG tax professional in Vietnam:
Nguyen Thu Huong | hnguyen52@kpmg.com.vn