Accordingly, they will be halved for petrol (except for ethanol), diesel oil, mazut, lubricating oil, and grease from April 1 through December 31. That on kerosene will be cut down by 70 percent during the period.

A commuter has his motorbike refilled at a gas station of Petrolimex.

As a result, the tax will stand at 2,000 VND per litre for petrol (except for ethanol), 300 VND for kerosene, and 1,000 VND for diesel oil, mazut, lubricant, and grease.

Meanwhile, the rate on aviation fuels is imposed in line with another resolution issued by the NA Standing Committee on December 31, 2021.

Dialogue seeks to settle businesses' obstacles related to tax policies

The Ministry of Finance (MoF) recently held a dialogue on tax and customs policies with the Republic of Korea (RoK)’s firms in both in-person and virtual forms.

Vietnam to impose value-added tax waiver from February

Vietnam will cut its value-added tax by 2 percentage points to 8 percent starting Feb. 1 to boost recovery after two years of Covid-19 impacts.

Value-added tax to be cut to 8 pct from February

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1.

Bac Giang to apply e-invoice for tax payers since April 1

(BGO) - Under the direction of the Government and Ministry of Finance on applying electronic invoice (e-invoice) for enterprises, economic organizations, household businesses and individuals in 57centrally-run provinces and cities from April this year, the taxation department of Bac Giang province is paying attention to implementation of this task.

Source: NDO/VNA