Incremental excise tax on sugary drinks in the offing

Incremental excise tax on sugary drinks in the offing

The amended Law on Special Consumption Tax, which proposes adding sugary soft drinks to the taxable list, will look to encourage long-term changes that will improve the health of consumers.
Lawmakers make case for consumption tax additions

Lawmakers make case for consumption tax additions

The Ministry of Finance’s plan to inflict a special consumption tax on air conditioners and sugary drinks has received mixed responses from many lawmakers and experts.
Practical solutions appropriate regarding sugary drinks

Practical solutions appropriate regarding sugary drinks

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.
Vietnam to act on surge of sugary drinks

Vietnam to act on surge of sugary drinks

Sugar-sweetened beverages in Vietnam may begin to be subject to a special consumption tax later this year, following the potential adoption of amendments to the Law on Special Consumption Tax.
Sugar tax plans see detailed additions

Sugar tax plans see detailed additions

Vietnam is closer to adding a tax on soft drinks based on sugar content to encourage businesses to produce and import low-sugar soft drinks.
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.
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.

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