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.
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.
20-02-2019 10:34
The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars.
27-09-2018 10:00
The new cigarette tax rate of VND5,000 (US$0.2) per pack will help reduce the rate of tobacco consumption and strengthen the State budget, health experts have said.
26-07-2018 08:00
In order to ensure the simplicity, consistency and transparency of the law, during the law formation process the government and lawmakers must listen to the multi-dimensional opinions from consultant firms and the relevant authorities.
22-06-2018 18:21
Businesses are worried that paying 0.5 to 1 per cent of their sales revenue to a health fund or the state budget prescribed by the Draft Law on Alcohol Harms Prevention would prove too much, as they are already charged with high special consumption tax. They want to conduct CSR activities to reduce the harmful use of alcohol by themselves.
26-01-2018 13:36
Wishing to cash in on Vietnam’s skyrocketing demand for drinks, French beverage firms have asked local authorities to ease special consumption tax lines, which they find to be too high and contrary to the country’s commitments of reducing taxes for beverages under the EU-Vietnam Free Trade Agreement.
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.
23-11-2017 14:41
Taxes on alcohol and soft drinks should not be hiked again in the next few years since successive hikes in special consumption tax have had a strong impact on the market, a round table organised by the Viet Nam Beer, Alcohol and Beverage Association heard in HCM City on Wednesday.
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.
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).
24-08-2017 08:00
The Ministry of Finance is proposing the levy of a special consumption tax of 10-20 per cent on sugary drinks to combat obesity rates, though a similar proposal was rejected by the government three years ago. VIR’s Van Thu offers insight into the hot debate surrounding the new proposal.
18-08-2017 10:03
The Ministry of Finance on Tuesday announced a scheme for amending tax laws, including the laws on value added tax, personal income tax, natural resource tax and special consumption tax.
17-08-2017 09:12
The Ministry of Finance (MoF) introduced a draft of amendments to laws on Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax and Natural Resources Protection Tax at a press conference on Tuesday.
16-08-2017 09:55
The Ministry of Finance has proposed that the Government apply a special consumption tax on pickups to be set at 60 per cent of the tax on cars with nine seats or less with similar engine displacement, a move that would sharply increase their cost.