Vietnam Extends Fuel Tax Relief and Simplifies Import Tax Reduction for Fire‑Damaged Goods

The Vietnamese government approved Resolution 34/NQ-CP on 30 June 2026, extending the exemption of the environmental protection tax, value‑added tax (VAT) and preferential import duties on gasoline, diesel, jet fuel and related raw materials for an additional three months, now running from 1 July to 30 September 2026. Special consumption tax on gasoline will resume from 1 July at rates of 10 % for mineral gasoline, 8 % for E5 and 7 % for E10. Officials estimate the extension will reduce state revenue by about VND 15.4 trillion but keep domestic fuel price increases modest—around 5 % overall—limiting inflationary pressure.

In a separate measure, Resolution 33/2026/NQ‑CP removes the 30‑day filing deadline for tax‑reduction applications on imported raw materials and components that were damaged by fire. The decree applies to claims for goods imported between 1 September 2016 and 24 April 2021 that qualify for export‑production tax relief, and it will be in effect for one year from 26 June 2026. Customs offices are directed to process these reductions without the previous time limit, easing the administrative burden for affected businesses.