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Update news tax increase
The beverage sector has called for a delay in Vietnam’s proposed tax increase on alcohol as the industry is at risk from high inflation, increased material costs, and low demand.
Vietnam’s business sector seems largely uneasy about what the effects of increasing VAT rates and new SCT targets may be.
Moves by taxation authorities to increase several taxes and in turn increase the State budget must be carefully implemented to ensure the health of Vietnam’s economy and its business community.