HCMC – The Ministry of Finance has sought to keep the environmental protection tax on fuels at the lowest levels, proposing the Government submit a draft resolution to this effect to the National Assembly’s Standing Committee.

The ministry prepared the resolution, which maintains the environmental protection tax rates for oil products for the year 2023 at the floor levels of the current tax bracket.

This is the second revision of the environmental protection tax rates for gasoline, oil and grease in 2023 proposed recently by the Ministry of Finance.

The tax on gasoline would be reduced from VND4,000 dong per liter to the floor level at VND1,000 per liter, jet fuel from VND3,000 to VND1,000 per liter, diesel oil from VND2,000 to VND500 per liter, heavy oil fuel from VND2,000 to VND300 per liter, grease from VND2,000 to VND300 per kilogram, and kerosene from VND1,000 to VND300 per liter.

The resolution was proposed to be valid from January 1, 2023.

From January 1, 2024, onward, environmental protection tax rates for gasoline, oil and grease will be applied in accordance with Resolution 579/2018 of the National Assembly’s Standing Committee, with the tax rates returning to the upper limits.