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Search Results: 39 results for keyword "SCT".
Special consumption tax needs supportive roadmap
04-07-2023 17:10
Experts and businesses have said that amid numerous woes and economic crises, the plan to raise the special consumption tax (SCT) is not suitable at this time.
Carmakers keen on extension of SCT pay
31-05-2023 18:00
The Ministry of Finance has sent to the Ministry of Justice a dossier on the extension of special consumption tax for domestically manufactured cars incurred from June-September 2023, until November 20.
Gaming sector fears special tax
13-04-2023 14:19
Vietnam is considering levying a special consumption tax on online video games, which has caused concern in the sector.
Legal move towards fair competition in pay TV market
05-10-2022 17:36
Decree No.71/2022/ND-CP amending and supplementing Decree No.06/2016/ND-CP on the use and management of broadcasting services aims to create an impartial playground between domestic and foreign pay TV service providers.
Vietnam will raise special consumption tax on cigarettes, beer, and spirits
10-05-2022 16:37
Cigarettes, beer, and spirits in Vietnam will be subject to an increased special consumption tax (SCT) aiming to improve community health and tackle the national budget deficit as part of a comprehensive tax reform strategy for 2030.
Proposed SCT increase further threatens farmers' chances to recover
21-03-2022 08:00
Amid the current geopolitical tensions and escalating prices for fuel and petrol, farmers see themselves confronted with added hardships after two years of the health crisis, which could be further worsened if a proposed increase of special consumption tax (SCT) on tobacco is enacted.
Telecom groups unveil $450 million COVID-19 relief package for consumers
03-08-2021 09:50
Telecom companies including Viettel, VNPT, Mobifone, CMC, FPT, Vietnamobile, and SCTV have jointly launched a COVID-19 relief package worth VND10 trillion ($434.8 million) for consumers nationwide.
SCT exemption for localisation
01-05-2019 14:00
Proposals on the special consumption tax exemption for locally-manufactured parts will be a key driver for automobile manufacturing and supporting industries to take flight with the help of the private sector.
MAS fines StanChart Singapore S$5.2m for anti-money laundering, terrorism financing breaches
19-03-2018 17:07
Standard Chartered Bank, Singapore Branch (SCBS) has been fined S$5.2 million and Standard Chartered Trust (Singapore) Limited (SCTS) has been fined S$1.2 million for breaches of the Monetary Authority of Singapore's (MAS) anti-money laundering and countering the financing of terrorism requirements.
Ministries protest special consumption tax on soft drinks
10-01-2018 11:00
Numerous ministries and associations protested against the Ministry of Finance (MoF)’s proposal to apply a special consumption tax (SCT) of 10-20 per cent on soft drinks.
VBA petitions against soft drinks tax
22-09-2017 10:26
The Vietnam Beer Alcohol Beverage Association (VBA) has requested the Ministry of Finance (MoF) to withdraw its proposal to apply a special consumption tax (SCT) of 10 or 20 per cent on soft drinks due to a lack of practical considerations and negative impacts on soft drinks manufactures as well as the state budget.
Tax burdens to raise beer prices
13-09-2017 13:55
When the special consumption tax (SCT) on beer increases to 65 per cent, it is estimated that consumers will have to bear a tax levy of 45.9 per cent, not to mention the possible growth of value added tax (VAT) on beer proposed by the Ministry of Finance (MoF).
Coca-Cola suggests broader approach to SCT
18-08-2017 16:42
While agreeing with the spirit of taxation and carrying a spotless record of tax payments, Coca-Cola Vietnam claims the Ministry of Financial's proposal to isolate non-alcoholic beverages and soft drinks for taxation goes against international best practices.
Further SCT tweaks seem imperative
02-06-2016 21:10
Amendments and supplements to the Law on Special Consumption Tax took effect from January 1, 2016. Nguyen Thi Cuc, chairwoman of Vietnam Tax Consultants’ Association, however, stresses the importance of further tax revision to facilitate actual development requirements and protect taxpayers’ rights.
The MoF disapproves tax exemption for Mai Linh’s eco-taxis
13-04-2016 20:38
The Ministry of Finance has disapproved Auto Motors Vietnam (AMV) and domestic taxi operator Mai Linh Group’s proposal for an exemption from import tariffs and special consumption taxes (SCT) for electric cars using for passenger transport services, according to newswire Dantri.com.
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