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Update news Special consumption tax
Representatives from businesses and governmental agencies voiced their concerns over the new draft law on Vietnam’s special consumption tax during a workshop organised by VCCI and the Vietnam Beer - Alcohol - Beverage Association (VBA).
A workshop to collect expert opinions for the draft of the amended Special Consumption Tax Law and the beverage industry has been held in Hanoi
Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.
VietNamNet Bridge – The Government plans to increase special consumption tax on luxury passenger cars by up to 150%, according to a proposal recently passed to the National Assembly (NA).
VietNamNet Bridge – While the Ministry of Finance wants the highest special consumption tax rate imposed on autos, at 75% of a car’s value, the Ministry of Industry and Trade is pushing for a maximum of 150%.
VietNamNet Bridge – The Ministry of Industry and Trade has proposed reducing special consumption tax, import tariffs and fees for completely built-up (CBU) automobiles and auto parts in 2015-2018,
VietNamNet Bridge – The Government is planning to increase the special consumption tax imposed on tobacco products to raise income for the state budget and reduce the number of smokers.