On April 9, the National Assembly Standing Committee gave opinions on the draft Resolution of the National Assembly on promulgating a number of regulations on environmental protection tax, value-added tax, and special consumption tax on gasoline, oil and aviation fuel.
Presenting the Submission, Minister of Finance Ngo Van Tuan stated clearly that the conflict in the Middle East has caused energy prices, especially oil and gas, to fluctuate sharply, the supply of gasoline and oil is disrupted, and world crude oil prices tend to continue to rise.
These impacts have greatly affected the domestic gasoline and oil supply and market, causing gasoline and oil prices to increase sharply in a short time.
To ensure the goal of macroeconomic stability, curbing inflation, stabilizing the psychology and lives of people and businesses, it is necessary to develop a longer-term policy to submit to the National Assembly for promulgation according to its authority.
Based on the direction of the Politburo, the authority of the National Assembly is stipulated in the Constitution and tax laws, the Government submits to the National Assembly for early consideration and approval of the Resolution according to a simplified process right at the beginning of the first session.
Regarding the environmental protection tax, value-added tax, and special consumption tax on gasoline, oil and aviation fuel, Minister Ngo Van Tuan clearly stated that the draft Resolution stipulates the environmental protection tax rate for gasoline (excluding ethanol), diesel oil, aviation fuel, kerosene and mazut oil is 0 VND/liter.
Gasoline, diesel oil, aviation fuel, kerosene and mazut oil are not subject to declaration and payment of value-added tax but are eligible for input value-added tax deduction. The special consumption tax rate for all types of gasoline is 0%.
Regarding the application period, according to the Minister, Article 4 of the draft Resolution stipulates the application period from April 16, 2026 to the end of June 30, 2026 and assigns the Prime Minister to issue an individual decision to adjust (shorten or extend) the validity of the Resolution to ensure the management of the domestic gasoline and oil market in accordance with world oil price developments.
In the preliminary thẩm tra report on the draft Resolution, Chairman of the Economic and Finance Committee Phan Van Mai said that the Standing Committee of the Economic and Finance Committee basically agreed with the Government's proposal on issuing policies to adjust a number of regulations on environmental protection tax, value-added tax, special consumption tax on gasoline, oil and aviation fuel, the application time and the assignment of the Government to decide to adjust (shorten or extend) the effectiveness of the Resolution.
The Standing Committee also proposed to consider supplementing regulations in case of emergency, assigning the Government to decide to adjust the tax rate in the Resolution and report to the National Assembly at the nearest session, ensuring that the management of the domestic gasoline and oil market is consistent with world oil price developments and the domestic situation.
Speaking at the conclusion of the session, Vice Chairman of the National Assembly Nguyen Thi Hong requested the Government to absorb the opinions of the National Assembly Standing Committee, especially the directing speech of the Chairman of the National Assembly, to complete the dossier of the draft Resolution to submit to the National Assembly for consideration and decision.
Vice Chairman of the National Assembly Nguyen Thi Hong proposed that the Government should supplement comprehensive and synchronous solutions on price management; make transparent the components in the base gasoline and oil prices, ensure supply chains; strengthen inspection and strictly handle acts of speculation, hoarding and strictly control electronic invoices.
The Vice Chairman of the National Assembly assigned the Secretary General of the National Assembly and the Chairman of the National Assembly Office to arrange and arrange this content into the program of the First Session.
In the past time, to contribute to diversifying supply sources and stabilizing domestic gasoline and oil prices, the Government and the Prime Minister have directed the use of many tools on fiscal policy, including the Prime Minister's issuance of Decision No. 482/QD-TTg adjusting to reduce environmental protection tax, value-added tax, and special consumption tax from 24:00 on March 26, 2026 to the end of April 15, 2026.
