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.
fork in road for special consumption tax on alcohol

Fork in road for special consumption tax on alcohol

Industry insiders are worried that changes to taxes on beer will damage the domestic industry in favour of higher priced foreign brands.
vafi raises concern over new tax method

VAFI raises concern over new tax method

The Vietnam Association of Financial Investors (VAFI) has proposed not to include the option of applying special consumption tax using a mixed method in the draft revised special consumption tax law.
excise tax reduction could propel vietnams golf tour attraction ambitions

Excise tax reduction could propel Vietnam’s golf tour attraction ambitions

There may be a huge potential for golf development in Vietman, but some of those involved in the industry say current special consumption tax rules are suppressing it.
vietnam temporarily exempts online gaming from special consumption tax

Vietnam temporarily exempts online gaming from special consumption tax

Vietnam's government has delayed the decision to include online gaming services in the scope of the country's special consumption tax, leading to a sigh of relief from domestic industry stakeholders.
beverage businesses baulk at tax rise plans

Beverage businesses baulk at tax rise plans

Industry experts and beer producers are urging for a delay in any increase to special consumption tax until at least 2026, giving the industry more time to recover from low growth.
enterprises wary over rushed tax on sugary drinks

Enterprises wary over “rushed” tax on sugary drinks

Vietnam is considering a special consumption tax in its battle against the escalating obesity crisis, but industry insiders urge prudence due to the possible detrimental consequences for the beverage sector and wider economy.
changes to special consumption tax must be studied carefully

Changes to special consumption tax must be studied carefully

The impacts of the imposition or increases of special consumption tax on several products must be studied carefully to ensure State budget revenue and the development of production and business, experts said.
special consumption tax needs supportive roadmap

Special consumption tax needs supportive roadmap

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

Carmakers keen on extension of SCT pay

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.
payment deadlines proposed for domestic vehicles

Payment deadlines proposed for domestic vehicles

The Ministry of Finance has asked the government to postpone the payment of special consumption tax on domestically manufactured and assembled automobiles to support businesses that face rising loan rates, low credit limits, and uncertainties in the financial market.
gaming publishers shy away from tax proposition

Gaming publishers shy away from tax proposition

A proposal to impose special consumption taxes on online games in Vietnam has been shot down by businesses and industry experts.
gaming sector fears special tax

Gaming sector fears special tax

Vietnam is considering levying a special consumption tax on online video games, which has caused concern in the sector.
conference looks into optimal tax system for tobacco

Conference looks into optimal tax system for tobacco

The current excise tax system on tobacco has many flaws. As the government is considering tax increases, experts have proposed the adoption of a mixed exercise system to harmonise various objectives.
vietnam will raise special consumption tax on cigarettes beer and spirits

Vietnam will raise special consumption tax on cigarettes, beer, and spirits

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.