Vietnam to continue to reduce environmental tax applicable to gas and oil until the end of 2024

Vietnam to continue to reduce environmental tax applicable to gas and oil until the end of 2024

Specifically, the Standing Committee of the National Assembly of Vietnam decides to continue reducing environmental protection tax rates applicable to gas and oil until the end of 2024. 

According to the Resolution, environmental tax rates applicable to gas, oil, lubricants, and grease from January 1, 2024 until the end of December 31, 2024 are as follows: 

- Gas (except ethanol): 2.000 VND per liter. 

- Aviation fuel: 1.000 VND per liter. 

- Diesel oil, Mazut oil, and lubricants: 1.000 VND per liter. 

- Grease: 1.000 VND per kg. 

- Kerosene oil: 600 VND per liter. 

Regarding environmental protection tax rates applicable to gas, oil, lubricants, and grease, from January 1, 2025, Section 1 Clause 1 Article 1 of Resolution No. 579/2018/UBTVQH14 shall apply, specifically: 

- Gas (except ethanol): 4.000 VND per liter;

- Aviation fuel: 3.000 VND per liter;

- Diesel oil, Mazut oil, and lubricants: 2.000 VND per liter;

- Grease: 2.000 VND per kg; 

- Kerosene oil: 1.000 VND per liter. 

Resolution No. 42/2023/UBTVQH15 comes into force as of January 1, 2024. 

Resolution No. 30/2022/UBTVQH15 on environmental protection tax rates applicable to gas, oil, lubricants, and grease expires as of the effective date of Resolution No. 42/2023/UBTVQH15.

Environmental protection tax rates applicable to gas, oil, lubricants, and grease prescribed in Section I Clause 1 Article 1 of Resolution No. 579/2018/UBTVQH14 shall not be applied from January 1, 2024 until the end of December 31, 2024. 

Taxable subjects

According to Article 3 of the Law on Environmental Protection Tax 2010, the following items shall be subject to environmental protection tax: 

- Oil, gas, lubricants, and grease, including: 

+ Gas, except ethanol;

+ Aviation fuel; 

+ Diesel oil; 

+ Kerosene oil;

+ Mazut oil;

+ Lubricants;

+ Grease. 

- Coal, including: 

+ Lignite;

+ Anthracite Coal (anthracite);

+ Fat coal;

+ Other coal. 

- Hydrogen-chlorofluorocarbon liquid (HCFC).

- Taxable-plastic bag.

- Herbicide restricted from use.

- Pesticide restricted from use.

- Forest product preservative restricted from use.

- Warehouse disinfectant restricted from use.

- If it is necessary to supplement other taxable items as per period, the Standing Committee of the National Assembly of Vietnam shall consider promulgating regulations.

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