Beverage businesses seek delay in special consumption tax increase
March 19, 2024 | 10:28
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.
Vietnam temporarily exempts online gaming from special consumption tax
July 31, 2023 | 09:51
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
July 13, 2023 | 11:23
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
July 13, 2023 | 09:00
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
July 11, 2023 | 16:02
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.
Carmakers keen on extension of SCT pay
May 31, 2023 | 18:00
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
May 08, 2023 | 15:00
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.
Conference looks into optimal tax system for tobacco
August 25, 2022 | 16:40
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.
Increase on special consumption tax vital to reduce smoking
September 27, 2018 | 10:00
The new cigarette tax rate of VND5,000 (US$0.2) per pack will help reduce the rate of tobacco consumption and strengthen the State budget, health experts have said.
Multi-dimensional opinions during formation of law on tax
July 26, 2018 | 08:00
In order to ensure the simplicity, consistency and transparency of the law, during the law formation process the government and lawmakers must listen to the multi-dimensional opinions from consultant firms and the relevant authorities.
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