vietnam's tax policies

Update news vietnam's tax policies

Ministry proposes steeper excise tax on tobacco, alcohol

The Ministry of Finance has proposed slapping higher excise tax on unhealthy products such as cigarettes, beers and alcoholic beverages, and adding sugary drinks to the list as well.

Ministry proposes special consumption tax on sugared beverages

The Ministry of Finance has proposed to apply a special consumption tax on sugar-sweetened beverages to protect people's health following recommendations from the World Health Organisation.

Special consumption tax on gasoline still in place

The Ministry of Finance refused to lift the special consumption tax on gasoline at the second extraordinary meeting as the country fights climate change and commits to net zero emissions by 2050.