What is the excise tax rate for beer in Vietnam in 2024?

What is the excise tax rate for beer in Vietnam in 2024?

Pursuant to Article 7 of the Law on Excise Tax 2008, amended by Clause 4, Article 1 of the Amended Law on Excise Tax 2014, the excise tax rates for beer are specified as follows:

Therefore, beer is subject to a excise tax rate of 65%.

What is the excise tax rate for beer in Vietnam in 2024? (Image from Internet)

Vietnam: What are cases where the excise tax is refundable?

Pursuant to Article 8 of the Law on Excise Tax 2008, the cases eligible for a excise tax refund are as follows:

- Temporarily imported goods for re-export.

- Imported goods that are raw materials for the production or processing of exported goods.

- Tax settlement in cases of merger, consolidation, division, separation, dissolution, bankruptcy, ownership conversion, enterprise conversion, cessation of activities resulting in excess paid tax.

- A tax refund decision by the competent authority as prescribed by law and in cases of excise tax refund under international treaties to which the Socialist Republic of Vietnam is a party.

*Note: The excise tax refund is only applicable to goods actually exported.

When is the excise tax payer eligible for a tax reduction in Vietnam?

Pursuant to Article 9 of the Law on Excise Tax 2008, the cases in which a excise tax payer is eligible for a tax reduction are as follows:

- Taxpayers producing goods subject to excise tax face difficulties due to natural disasters or unexpected accidents qualifying for tax reduction.

- The tax reduction amount is determined based on the actual losses caused by natural disasters or unexpected accidents but not exceeding 30% of the tax payable in the year of damage and not exceeding the value of assets damaged after compensation (if any).

Are goods imported from abroad into non-tariff zones subject to excise tax in Vietnam?

According to Article 3 of the Law on Excise Tax 2008, the objects not subject to tax are defined as follows:

Objects not subject to tax

Goods prescribed in Clause 1, Article 2 of this Law are not subject to excise tax in the following cases:

1. Goods manufactured, processed directly for export or sold, entrusted to other trading establishments for export;

2. Taxpayers include:

a) Humanitarian aid, non-refundable aid; gifts for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations, armed forces units, gifts for individuals in Vietnam within the levels prescribed by the Government of Vietnam;

b) Goods in transit or borrowed to pass through Vietnam's border gates, borders, goods transferred according to the regulations of the Government of Vietnam;

c) Goods temporarily imported for re-export and temporarily exported for re-import that are not subject to import tax, export tax within the time limit prescribed by the law on export, import tax;

d) Items of foreign organizations and individuals exempt from diplomacy standards; goods brought with them within the tax-exempt baggage standards; goods imported for sale according to the provisions of the law;

3. Aircraft, yachts used for business purposes, transporting goods, passengers, tourists;

4. Ambulance cars; prisoner transport cars; funeral cars; automobiles designed with both seating and standing positions capable of carrying 24 or more people; automobiles operating within entertainment, sports areas, not registered for circulation and not participating in traffic;

5. Goods imported from abroad into non-tariff zones, goods sold domestically into non-tariff zones and used only in non-tariff zones, goods purchased between non-tariff zones, excluding passenger vehicles with less than 24 seats.

Therefore, according to the above regulations, goods imported from abroad into non-tariff zones are not subject to excise tax.