Law on Special Consumption Tax

Tax changes require more scientific basis

August 19, 2024 | 16:00

The Ministry of Finance is set to put more special consumption taxes on several types of drink. Nguyen Van Phung, former director of the Department of Tax Administration for Large Enterprises, spoke to VIR’s Huong Uyen about issues related to the draft law on this type of levy.

Consumer beverage trends must be taken into account

August 19, 2024 | 14:00

The alcoholic beverage market in Vietnam is undergoing a significant transformation due to new consumer trends and particularly the enforcement of stricter concentration policies. Le Minh Trang, associate director of the Retail Measurement Service at NielsenIQ (NIQ) Vietnam, talked to VIR’s Hoang Oanh.

Building a reasonable roadmap for increasing SCT

August 19, 2024 | 12:00

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

August 19, 2024 | 08:00

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.

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.

Practical solutions appropriate regarding sugary drinks

August 12, 2024 | 11:00

International organisations like the World Health Organization, World Bank, UNICEF, and Johns Hopkins University have put across their opinions on proposals in Vietnam on taxing sugary beverages, the Ministry of Finance has said.