excise tax

Tobacco and aircon units lead excise tax discussions

August 29, 2024 | 09:54

While there is some agreement with the Ministry of Finance’s excise tax hike on tobacco to protect public health, there is debate about whether a tax on air conditioning products needs to be restricted.

Vietnam should learn from international experience before raising beverage tax

August 27, 2024 | 08:00

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.

Legitimate businesses must not be disadvantaged with alcohol tax

August 12, 2024 | 11:00

The draft Law on Special Consumption Tax, including a high raise in the tax for alcohol, will have great and direct impacts on not only enterprises in the production and trading of alcohol and soft drinks, but also product chains, labour, and social security.

Excise tax change to be considered carefully for all

August 12, 2024 | 11:00

Beer industry leaders have called for proposals to increase excise tax to be carefully considered, with multidimensional impacts assessed to harmonise interests, responsibilities, and feasibility for all parties involved.

Beverage leaders plead for excise tax postponement

March 20, 2023 | 09:59

Key industry players are calling for the delay of increased taxes on alcohol and sugary drinks to support business recovery and ensure they do not undermine economic growth.

Alcohol, tobacco and soft drinks face increase in excise tax

February 25, 2023 | 10:15

Alcohol, tobacco and soft drinks are facing an increase in excise tax that the MoF hopes will improve community health and contribute to the budget deficit.

Vietnam should embrace hybrid excise regime: report

December 28, 2022 | 16:59

PwC Vietnam has just published the report "Study on the excise tax system, asserting that the excise tax on cigarettes in Vietnam should be converted to a hybrid tax system.