What are the codes of sub-sections for excise tax payment in Vietnam?

What are the codes of sub-sections for excise tax payment in Vietnam?

According to Point b, Clause 1, Article 4 of Circular 324/2016/TT-BTC, the sub-section (also known as the economic content code - NDKT) is a detailed classification of the section, used to classify in detail the revenues and expenditures of the state budget according to management objects within each section.

Under Appendix 3 on the List of sections and sub-sections issued along with Circular 324/2016/TT-BTC, the sub-sections for excise tax payment in 2024 are specified as follows:

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What are the codes of sub-sections for excise tax payment in Vietnam? (Image from the Internet)

What are the goods and services subject to excise tax in Vietnam?

According to Article 2 Law on Excise Tax 2008 and Article 2 Decree 108/2015/ND-CP, goods and services subject to excise tax in Vietnam include:

(1) Goods subject to excise tax:

- Cigarettes, cigars and other tobacco preparations used for smoking, inhaling, chewing, sniffing or keeping in mouth;

- Liquor;

- Beer;

- Under-24-seat cars, including cars for both passenger and cargo transportation with two or more rows of seats and fixed partitions between passenger holds and cargo holds;

- Two- and three-wheeled motorcycles of a cylinder capacity of over 125 cm3;

- Aircraft and yachts;

- Gasoline;

- Air-conditioners of 90,000 BTU or less;

- Playing cards;

- Votive gilt papers and votive objects.

Note: Goods subject to excise tax must be complete products, excluding kits for assembling these goods.

(2) Services subject to excise tax

- Nightclub:

- Massage parlors and karaoke bars;

- Casinos; prize-winning video games, including jackpot and slot games and games on similar machines;

- Betting;

- Golf business, including the sale of membership cards and golf playing tickets;

- Lottery business.

What goods are not subject to excise tax in Vietnam?

According to Article 3 Law on excise tax 2008 and Article 3 Decree 108/2015/ND-CP, goods as prescribed above are not subject to excise tax in the following cases:

(1) Goods which are directly exported by producers or processors, or which are sold or entrusted by these producers or processors to other business establishments for export;

(2) Imported goods, including:

+ Goods as humanitarian aid or non-refundable aid; gifts for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-profcssional organizations or people’s armed forces units; and donations or gifts for individuals in Vietnam within the quotas prescribed by the Government;

+ Goods transited or transported via Vietnamese border gates or borders, and goods transported to and from border gates under the Government’s regulations;

+ Goods temporarily imported for re-export and temporarily exported for re-import which are not subject to import duty or export duty within the time limit specified in the law on import duty and export duty;

+ Personal effects of foreign organizations and individuals within diplomatic immunity quotas; personal belongings within duty-free luggage quotas; and goods imported for duty-free sale under law;

(3) Aircraft and yachts used for commercial transportation of cargos, passengers and tourists;

(4) Ambulances; prison vans; hearses; cars designed with both seats and standing places for transporting 24 or more people; cars running in recreation, entertainment and spoils areas which neither are registered for circulation nor move on roads;

(5) Goods imported from abroad into non-tariff areas, goods sold from the inland into non-tariff areas for use only in non-tariff areas, and goods traded between non-tariff areas, except under-24 seat cars.