Environmental fuel tax to stay fixed until the end of the year

Environmental tax on gasoline (except for ethanol, which has already been taxed at a minimum level) for the year will stay at VNĐ2,000 per litre, jet fuel at VNĐ1,000 per litre, kerosene at VNĐ600, mazut oil at VNĐ1,000 per litre and lubricants at VNĐ1,000 per kilo in a new tax regime released by the General Department of Taxation. 

Associations call for extended VAT cuts

The situation is getting worse in the last months of 2022 as many firms are bending under the pressure of raising interest rates, mounting fuel costs, and falling customer orders. Those firms need the extended VAT cuts to make it through this tough time.    

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