Resolution on environmental protection tax rates proposed to National Assembly Standing Committee

Deputy Prime Minister Le Minh Khai has just signed the Government’s Resolution No.82/NQ-CP on July 3, 2022, approving the Resolution of the National Assembly Standing Committee on a plan to reduce the environmental protection tax rates on gasoline, oil and lubricants.

Illustrative image (Photo: NDO/Thanh Dat)
Illustrative image (Photo: NDO/Thanh Dat)

Under the resolution, the tax rate for gasoline will be cut from 2,000 VND (0.087 USD) per litre to 1,000 VND per litre; and the respective rates for diesel, mazut, and lubricant will drop to 500 VND per litre, 300 VND per litre and to 3000 VND per kg.

The tax on jet fuel will be cut from 1,500 VND per litre to 1,000 VND per litre.

The environmental protection tax rates on petroleum, oil and lubricants will be implemented in conformity with Resolution No. 579/2018/UBTVQH14 of the NA Standing Committee from January 1, 2023.