hybrid vehicles enter sct overhaul debate

Hybrid vehicles enter SCT overhaul debate

Building policies on a tax for hybrid vehicles are being considered – however, some say that not all types of hybrid vehicles are worthy of support.
vietnam should learn from international experience before raising beverage tax

Vietnam should learn from international experience before raising beverage tax

Vietnam has been urged to learn from other countries to prevent a shock to businesses and ensure a balance of interests before it raises taxes on alcohol.
building a reasonable roadmap for increasing sct

Building a reasonable roadmap for increasing SCT

After 16 years of implementation, the current Law on Special Consumption Tax (SCT) has achieved significant results, but the amendment of the law is necessary with a specific roadmap to enhance comprehensive alcohol management measures.
sct law options being calculated carefully

SCT law options being calculated carefully

Businesses and insiders calling for changes in taxes, particularly in terms of products like beer, need to quantify the impacts on society and industry as a whole.
amended special consumption tax should be applied over next two or three years

Amended special consumption tax should be applied over next two or three years

An amended special consumption tax (SCT) on alcohol should have a reasonable route so that manufacturers have time to adapt to the changes.
balancing interests for fair hike to special consumption tax

Balancing interests for fair hike to special consumption tax

The roadmap laid out to increase Vietnam's special consumption tax (SCT) should be scrutinised to balance the interests of the government, manufacturers, and consumers.
phased tax hikes crucial for sustaining business operations

Phased tax hikes crucial for sustaining business operations

Proposed tax increases on some beverages have raised concerns, particularly given the ongoing challenges faced by the beverage industry in particular.
a holistic approach to the increase of special consumption tax on beer and spirits

A holistic approach to the increase of special consumption tax on beer and spirits

A holistic approach should be taken to setting a new limit and timeline for a special consumption tax on beer and alcohol.
vir conference on special consumption tax law attracts thousands

VIR conference on Special Consumption Tax Law attracts thousands

A conference themed “Tax Amendments to Promote Business Activities” held by VIR has attracted thousands of people both online and offline.
likely scenarios on taxation for sugary beverages

Likely scenarios on taxation for sugary beverages

In addition to amendments concerning several goods, services subject to special consumption tax (SCT) such as cigars, alcohol, cars with fewer than 24 seats, among others, the draft law on SCT amended has included beverages with sugar content exceeding 5g/100ml, according to Vietnamese standards (TCVN), into the list of SCT-able items. This aligns with guidelines from the Party and government, as well as recommendations from the World Health Organization on consumer health protection.
vietnam extends tax payment deadline for domestically manufactured cars

Vietnam extends tax payment deadline for domestically manufactured cars

The government has extended the deadline for special consumption tax (SCT) payments for domestically manufactured and assembled cars.
mof proposes a 10 per cent special consumption tax on sugary drinks

MoF proposes a 10 per cent special consumption tax on sugary drinks

The Ministry of Finance (MoF) has maintained its view that sugary drinks should be subject to a special consumption tax (SCT) of 10 per cent in a message sent to the government regarding the draft revised SCT Law.
alcohol and beer could be subject to 100 per cent special consumption tax

Alcohol and beer could be subject to 100 per cent special consumption tax

The Ministry of Finance (MoF) has proposed increasing the special consumption tax (SCT) for alcohol and beer to 100 per cent by 2030.
beverage businesses seek delay in special consumption tax increase

Beverage businesses seek delay in special consumption tax increase

Companies in Vietnam’s beverage industry are asking for a delay to a special consumption tax increase to enable them time to recover from a difficult period.
stem cell technology in regenerative medicine a true global trend

Stem cell technology in regenerative medicine - a true global trend

Experts in Vietnam, including some from the US, on July 30 discussed the importance of stem cell technology (SCT) in regenerative medicine.