Under Resolution No. 34/2026/NQ-CP, issued on June 30, the Government extended the application of preferential import tax policies, environmental protection tax exemptions and value-added tax (VAT) incentives for gasoline, petroleum products, fuel production inputs and aviation fuel.

The resolution takes effect from July 1 through September 30, 2026.

During this period, the environmental protection tax on gasoline (excluding ethanol), diesel, kerosene, fuel oil and aviation fuel will remain at zero dong (VND) per litre.

The resolution also maintains the VAT policy introduced under the National Assembly's Resolution No. 19/2026/NQ-CP dated April 12, 2026. Accordingly, gasoline, diesel, kerosene, fuel oil and aviation fuel will continue to be exempt from VAT declaration and payment requirements, while businesses will still be entitled to claim input VAT credits.

From July 1, 2026, however, the special consumption tax on gasoline will be governed by the Law on Special Consumption Tax and its implementing regulations. Under the new framework, E5 biofuel gasoline is subject to an 8% excise tax, while the tax rate for E10 gasoline is set at 7%, reflecting the Government's continued support for cleaner transport fuels.
Source: Vneconomy.vn