When should excise tax be declared in Vietnam?

When should excise tax be declared in Vietnam?

According to Article 8 of Decree 126/2020/ND-CP, the declaration of excise tax is regulated as follows:

Excise tax is declared monthly, except for cases where declarations must be made for each occurrence, including:

- Excise tax for taxpayers engaged in export business who have not paid excise tax at the production stage and subsequently sell domestically instead of exporting. excise tax for business establishments purchasing cars, aircraft, yachts produced domestically that are not subject to excise tax but later change the purpose of use to subjects subject to excise tax.

- Excise tax on exported and imported goods. In cases where exported and imported goods do not require declaration for each occurrence, follow the guidance of the Ministry of Finance.

When should excise tax be declared in Vietnam? (Photo from the Internet)

Which goods are subject to excise tax in Vietnam?

According to Article 2 of the Law on excise tax 2008 and Article 2 of Decree 108/2015/ND-CP, the goods subject to excise tax include:

- Cigarettes, cigars, and other products made from tobacco plants used for smoking, inhaling, chewing, sniffing, sucking;

- Alcohol;

- Beer;

- Automobiles under 24 seats, including cars with dual purposes of carrying people and goods with two or more rows of seats and a fixed partition between the passenger compartment and the goods compartment;

- Two-wheel motorcycles and three-wheel motorcycles with engine displacement over 125cc;- Aircraft, yachts (used for civilian purposes);

- All types of gasoline;

- Air conditioners with a capacity of 90,000 BTU or less;

- Playing cards;

- Joss paper, votive offerings (excluding votive offerings as toys for children or educational tools).

Note: Goods subject to excise tax must be complete products, not including assembly kits for these goods.

What is the excise tax rate for goods in Vietnam?

The excise tax rate for goods in 2024 is specified in Article 7 of the Law on excise tax 2008 amended by Clause 4, Article 1 of the Law on Amending the Law on excise tax 2014, Clause 2, Article 2 of Law No. 106/2016/QH13 and Article 8 of the Law Amending the Law on Public Investment, Law on Investment in the Form of Public-Private Partnerships, Law on Investment, Law on Housing, Law on Bidding, Law on Electricity, Law on Enterprises, Law on excise tax, and Law on Enforcement of Civil Judgments 2022 as follows: