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special consumption tax
Update news special consumption tax
VN automobile manufacturers ask for more support
Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.
Luxury cars face higher tax
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).
Ministries at odds over special consumption tax on autos
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%.
Ministries at odds over tax adjustments for auto imports
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,
Gov't to raise tax on tobacco products
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.
