What are the excise tax rates in Vietnam in 2024?
What are the excise tax rates in Vietnam in 2024?
The excise tax rates in 2024 are specified in Article 7 of the Law on excise tax 2008, amended by Clause 4, Article 1 of the Law on Amendments to the Law on excise tax 2014, Clause 2, Article 2 of Law No. 106/2016/QH13, and Article 8 of the Law on Amendments to the Law on Public Investment, Law on Public-Private Partnership Investment, Law on Investment, Law on Housing, Law on Bidding, Law on Electricity, Law on Enterprises, Law on excise tax, and Law on Civil Judgment Enforcement 2022 as follows:
| No | Goods and Services | Tax Rate (%) |
| I | Goods | |
| 1 | Cigarettes, cigars, and other tobacco products | 75 |
| 2 | Alcohol | |
| a) Alcohol of 20 degrees or higher | 65 | |
| b) Alcohol below 20 degrees | 35 | |
| 3 | Beer | 65 |
| 4 | Automobiles with less than 24 seats | |
| a) Passenger cars with 9 seats or fewer, except for those specified at Points 4d, 4e, and 4g of the Tariff Schedule prescribed in Article 7 of the Law on excise tax 2008 (amended 2014, 2016) | ||
| - Vehicles with an engine capacity of 1,500 cm3 or less | 35 | |
| - Vehicles with an engine capacity over 1,500 cm3 to 2,000 cm3 | 40 | |
| - Vehicles with an engine capacity over 2,000 cm3 to 2,500 cm3 | 50 | |
| - Vehicles with an engine capacity over 2,500 cm3 to 3,000 cm3 | 60 | |
| - Vehicles with an engine capacity over 3,000 cm3 to 4,000 cm3 | 90 | |
| - Vehicles with an engine capacity over 4,000 cm3 to 5,000 cm3 | 110 | |
| - Vehicles with an engine capacity over 5,000 cm3 to 6,000 cm3 | 130 | |
| - Vehicles with an engine capacity over 6,000 cm3 | 150 | |
| b) Passenger cars with 10 to under 16 seats, except for those specified at Points 4d, 4e, and 4g of the Tariff Schedule prescribed in Article 7 of the Law on excise tax 2008 amended by Clause 4, Article 1 of the Law on Amendments to the Law on excise tax 2014, and Clause 2, Article 2 of Law No. 106/2016/QH13 | 15 | |
| c) Passenger cars with 16 to under 24 seats, except for those specified at Points 4d, 4e, and 4g of the Tariff Schedule prescribed in Article 7 of the Law on excise tax 2008 amended by Clause 4, Article 1 of the Law on Amendments to the Law on excise tax 2014, and Clause 2, Article 2 of Law No. 106/2016/QH13 | 10 | |
| d) Multi-purpose passenger and cargo vehicles, except for those specified at Points 4d, 4e, and 4g of the Tariff Schedule prescribed in Article 7 of the Law on excise tax 2008 amended by Clause 4, Article 1 of the Law on Amendments to the Law on excise tax 2014, and Clause 2, Article 2 of Law No. 106/2016/QH13 | 15 | |
| - Vehicles with an engine capacity of 2,500 cm3 or less | 15 | |
| - Vehicles with an engine capacity over 2,500 cm3 to 3,000 cm3 | 20 | |
| - Vehicles with an engine capacity over 3,000 cm3 | 25 | |
| đ) Gasoline-electric hybrid vehicles, where gasoline accounts for no more than 70% of the energy used | 70% of the tax rate applicable to the same type of vehicles specified at Points 4a, 4b, 4c, and 4d of the Tariff Schedule prescribed in Article 7 of the Law on excise tax 2008 amended by Clause 4, Article 1 of the Law on Amendments to the Law on excise tax 2014, and Clause 2, Article 2 of Law No. 106/2016/QH13 | |
| e) Biofuel-powered vehicles | 50% of the tax rate applicable to the same type of vehicles specified at Points 4a, 4b, 4c, and 4d of the Tariff Schedule prescribed in Article 7 of the Law on excise tax 2008 amended by Clause 4, Article 1 of the Law on Amendments to the Law on excise tax 2014, and Clause 2, Article 2 of Law No. 106/2016/QH13 | |
| g) Electric vehicles | ||
| (1) Electric cars powered by batteries | ||
| - Passenger cars with 9 seats or fewer | ||
| + From March 01, 2022, to February 28, 2027 | 3 | |
| - Passenger cars from 10 to under 16 seats | ||
| + From March 01, 2022, to February 28, 2027 | 2 | |
| + From March 01, 2027 | 7 | |
| - Passenger cars from 16 to under 24 seats | ||
| + From March 01, 2022, to February 28, 2027 | 1 | |
| + From March 01, 2027 | 4 | |
| - Vehicles designed to carry both passengers and cargo | ||
| + From March 01, 2022, to February 28, 2027 | 2 | |
| + From March 01, 2027 | 7 | |
| (2) Other electric cars | ||
| - Passenger cars with 9 seats or fewer | 15 | |
| - Passenger cars from 10 to under 16 seats | 10 | |
| - Passenger cars from 16 to under 24 seats | 5 | |
| - Vehicles designed to carry both passengers and cargo | 10 | |
| h) Motorhomes, regardless of engine capacity | 75 | |
| 5 | Motorcycles with engine capacity over 125cm3 | 20 |
| 6 | Aircraft | 30 |
| 7 | Yachts | 30 |
| 8 | Gasoline of all types | |
| a) Gasoline | 10 | |
| b) E5 gasoline | 8 | |
| c) E10 gasoline | 7 | |
| 9 | Air conditioners with a capacity of 90,000 BTU or less | 10 |
| 10 | Playing cards | 40 |
| 11 | Joss paper and other paper offerings | 70 |
| II | Services | |
| 1 | Disco business | 40 |
| 2 | Massage business, karaoke | 30 |
| 3 | Casino business, prize-winning electronic games | 35 |
| 4 | Betting business | 30 |
| 5 | Golf business | 20 |
| 6 | Lottery business | 15 |
What are the excise tax rates in Vietnam in 2024? (Image from the Internet)
Which entities are excise taxpayers in Vietnam?
According to Article 4 of the Law on excise tax 2008, the taxpayers for excise tax are defined as follows:
- Taxpayers of the excise tax are organizations and individuals producing, importing goods, or providing services subject to excise tax.
- In the case of organizations and individuals engaged in export business activities buying goods subject to excise tax from manufacturing facilities for export but not exporting and instead consuming domestically, these organizations and individuals involved in export business activities are the excise tax payers.
When are excise taxpayers entitled to a tax reduction in Vietnam?
According to Article 9 of the Law on excise tax 2008, excise taxpayers are entitled to a tax reduction in the case of difficulties in producing goods subject to excise tax due to natural disasters or unexpected accidents.
The amount of tax reduction is determined based on the actual damage caused by natural disasters or unexpected accidents but does not exceed 30% of the payable tax amount of the year in which the damage occurs and does not exceed the value of the damaged assets after compensation (if any).
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