ACROSS-THE-BOARD TAX CUTS ON PETROLEUM PRODUCTS: A POSITIVE SIGNAL FOR BUSINESSES IN THE PERIOD AHEAD

Effective from midnight on 26 March 2026, Decision No. 482/QĐ-TTg of the Prime Minister on the application of environmental protection tax, value-added tax and special consumption tax on petrol, diesel, and jet fuel in cases of necessity for national interest officially took effect through 15 April 2026. 

This is a notable development as multiple key indirect taxes on petroleum products were simultaneously reduced, reflecting not only the Government’s commitment to flexible policy management but also sending a positive signal to the market, particularly at a time when businesses are facing mounting input cost pressures.

Through this newsletter, W&A analyses the following key matters:

• Policy Background;

• Key Tax Changes;

• Positive Impact on Business Costs.

  
  

👉 Read the full article here:

W&A_26_Newletter on Decision No. 482 QD-TTg on the simultaneous reduction of taxes on petr

Download 482 QD-TTG ON THE SIMULTANEOUS REDUCTION OF TAXES ON PETR • 4.19MB

To support businesses in assessing the impact and ensuring compliant implementation during this period of policy change, W&A provides comprehensive advisory services covering indirect tax, corporate income tax, and legal compliance. With a team of specialists who include former tax inspectors and Big4 advisory leaders, W&A delivers solutions that are expert — independent — confidential, helping businesses manage risk and protect their interests under any policy environment.