government still indecisive in raising tax fee on pick ups

Government still indecisive in raising tax, fee on pick-ups

The Ministry of Finance (MoF) has not yet decided on a change in the special consumption tax and registration fee applicable to pick-ups.
new guidelines on tax policies

New guidelines on tax policies

​The Law on amendments and supplements of some articles of the Law on Value Added Tax, the Law on Special Consumption Tax, and the Law on Tax Management will come into force from July 1, 2016.  
further sct tweaks seem imperative

​Further SCT tweaks seem imperative

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.
auto importers petition government to hold taxes steady

Auto importers petition Government to hold taxes steady

Auto importers in Viet Nam petitioned Prime Minister Nguyen Xuan Phuc and relevant sectors to consider problems related to some revised articles and supplements in the Law on Special Consumption Tax, which will become effective on July 1.
the mof disapproves tax exemption for mai linhs eco taxis

The MoF disapproves tax exemption for Mai Linh’s eco-taxis

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.
beverage companies seek tax delay

Beverage companies seek tax delay

Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans.
car prices jump following tax adjustment

Car prices jump following tax adjustment

The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.
na deputies worried about revised tax on cars

NA deputies worried about revised tax on cars

Many National Assembly delegates have expressed concerns about difficulties domestic automakers would face if the special consumption tax is deeply reduced.
new tax to be levied on auto imports

New tax to be levied on auto imports

The Government will levy a special consumption tax on cars with 24 seats and below from January 1, 2016, according to a Prime Minister's new decree.
new special consumption tax on 24 seater cars

New special consumption tax on 24-seater cars

The government will levy a special consumption tax on cars with 24 seats and below from January 1, 2016, according to the prime minister's new decree.
luxury car demand to climb on consumption tax increase

Luxury car demand to climb on consumption tax increase

The demand for luxury cars could steadily increase after the Government recently proposed raising special consumption tax on cars, particularly luxury vehicles.
government proposes raising special consumption tax on cars

Government proposes raising special consumption tax on cars

The Government wants to raise the special consumption tax on vehicles with high engine displacement, according to a statement it delivered to the National Assembly recently.
ministry proposes increase to special consumption tax

Ministry proposes increase to special consumption tax

The Ministry of Finance has proposed to increase special consumption tax on imported goods to ensure fair competition between locally manufactured products and imported ones.
tax breaks to lift auto industry

Tax breaks to lift auto industry

Cars with various engine displacement values are expected to enjoy a rebate in the special consumption tax in Vietnam as of July 1, 2016, according to a revised draft on Tax Law issued by the Ministry of Finance recently.
in vietnam car buyers dreams may be shattered by new taxation policy

In Vietnam, car buyers’ dreams may be shattered by new taxation policy

Vietnamese potential car buyers who are saving up for their first cars following a possible price cut for automobiles imported from ASEAN countries may wake up one morning only to find that their dreams are crushed when a proposal for a new special consumption tax mechanism takes effect.