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tax reduction

The US and China are considering reducing tariffs on $60 billion worth of bilateral goods.

Washington and Beijing are expected to establish a new "Trade Council" mechanism, focused on reducing tariffs on approximately $30 billion worth of goods from each side in non-security-sensitive sectors.

Market

The EU announces a strategy to reduce electricity taxes to respond to the energy shock.

The European Commission plans to cut electricity taxes to 0% and boost gas stockpiles to stabilize the market amid pressure from the conflict in the Middle East.
The EU has announced a strategy to reduce electricity taxes and increase gas reserves to stabilize the market.

The European Commission (EU) has just launched a plan to cut electricity taxes and increase gas reserves to mitigate the impact of energy shocks caused by geopolitical tensions.

Proposal to extend the reduction of import taxes on certain petroleum products to 0% until June 30, 2026.

The Ministry of Finance is drafting a Government Resolution on extending the application period of Government Decree No. 72/2026/ND-CP dated March 9, 2026, amending the preferential import tax rates...
India reduces excise tax on petrol and diesel as oil prices exceed $100.

The Indian government has decided to drastically reduce fuel taxes to support the domestic market amid supply disruptions caused by conflict in the Middle East.
Tax reduction on gasoline and diesel fuel effective from 24:00 on March 26, 2026.

From 24:00 on March 26, 2026 to the end of April 15, 2026, the environmental protection tax rate for gasoline (excluding ethanol), diesel fuel, and aviation fuel will be 0 VND/liter. Gasoline, diesel fuel, and aviation fuel...
The government will reduce import taxes on gasoline and diesel to 0% under Decree 72, effective from March 9, 2026.

According to Decree 72/2026/ND-CP, preferential import tax on gasoline, diesel, and raw materials for production will be reduced to 0% from March 9th to April 30th, 2026, in order to stabilize the market.

The Ministry of Finance proposes a new solution to increase the supply of gasoline and diesel fuel.
March 9, 2026 06:48

The Ministry of Finance has proposed reducing the preferential import tax rate on certain gasoline, diesel, and raw materials for gasoline production to 0% in order to diversify supply sources and stabilize the market...
Coffee prices today, October 31, 2025: US reduces tariffs on Vietnamese coffee to 0%.
October 31, 2025 05:30

Coffee prices today, October 31, 2025: Domestic coffee prices increased slightly by 700 to 900 VND/kg. The US reduced import tariffs on Vietnamese coffee to 0%.
New features of the Corporate Income Tax Law in 2025
October 30, 2025 15:43

The Corporate Income Tax Law of 2025 was passed by the 15th National Assembly and came into effect on October 1, 2025. Compared to the previous law, this new law has adjusted several regulations,...
Revising personal income tax: A reasonable third option needs to be added to better reflect reality.
August 17, 2025 09:28

The Ministry of Finance is studying revisions to the personal income tax (PIT) schedule, aiming to reduce the number of tax brackets from seven to five and widen the income gap between brackets. The goal is to ensure...
The National Assembly unanimously agreed to continue reducing VAT by 2% until the end of 2026.
June 17, 2025 11:17

From July 1, 2025 to December 31, 2026, the VAT rate will be reduced by 2% for goods and services currently subject to a 10% tax rate, down to 8%.
Proposal submitted to the National Assembly to reduce VAT by 2% until the end of 2026, and to continue exempting agricultural land tax until 2030.
May 13, 2025 13:56

On the morning of May 13th, the National Assembly heard presentations and verification reports on proposals to further reduce value-added tax and extend the exemption period for agricultural land use tax.
The US and China agreed to reduce tariffs, and global markets immediately rose across the board.
May 12, 2025 18:03

Global investors are expressing optimism at signs of a thaw in the trade war initiated by US President Donald Trump with large-scale tariff measures. The...
President Trump announces plan to reduce tariffs on Chinese goods.
April 23, 2025 07:11

President Trump said that US tariffs on Chinese goods would be reduced, but not eliminated.
It has been revealed that South Korea persuaded the US to reduce reciprocal tariffs from 26% to 25%.
April 4, 2025 16:38

The South Korean government persuaded the administration of U.S. President Donald Trump to ease retaliatory tariffs against the country before their official announcement.
Mr. Trump sets conditions for reducing tariffs on Chinese goods.
March 27, 2025 07:05

President Donald Trump said the U.S. could ease tariffs on Chinese goods if the TikTok deal is successful.

tax reduction

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