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Vietnam reduces gasoline special consumption tax to zero through March 2027

HANOI: Vietnam has reduced the special consumption tax on all types of gasoline to zero per cent from Sunday through March 31, 2027, under a new government resolution issued on Saturday (Oct 31), local daily VnExpress reported.

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越南将汽油特别消费税降至零,有效期至2027年3月。

FILE PHOTO: An attendant refuels a customer's vehicle at a gas station in Ho Chi Minh City, Vietnam, on Wednesday, Feb. 23, 2022. - Bloomberg

HANOI: Vietnam has reduced the special consumption tax on all types of gasoline to zero per cent from Sunday through March 31, 2027, under a new government resolution issued on Saturday (Oct 31), local daily VnExpress reported.

Under the special consumption tax law, which took effect on July 1 this year, the tax rates are set at 10 per cent for regular gasoline, 8 percent for E5 biofuel and seven per cent for E10 biofuel.

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