Roadmap to increase special consumption tax on alcohol, beer and tobacco in Vietnam

Roadmap to increase special consumption tax on alcohol, beer and tobacco in Vietnam(Artwork)

According the Decision in Vietnam, one of the solutions to implement the Tax reform strategy, in which for special consumption tax:

- Review and study any amendments and supplements to taxable items or objects to regulate consumption according to the shift in social consumption trends and the guidelines of the Party and the State on protection of public health and environment in Vietnam;

- Develop a roadmap for increase in taxes on tobacco, beer and alcohol products to limit production and consumption thereof and fulfill international commitments in Vietnam;

- Review any adjustment in rates of the special consumption tax on a number of items to suit socio-economic condition in the 2021 - 2030 period in Vietnam;

- Study the application of a combination of proportional tax rate and absolute tax rate to a number of goods and services subject to the special consumption tax in Vietnam.

The Ministry of Finance of Vietnam shall assume the following responsibilities for leading and taking charge of implementation of the Strategy; at the same time, instructing and encouraging ministries, central and local authorities to design and implement programs and jobs related to implementation of the Strategy according to their respective jurisdiction and functions

See Decision 508/QD-TTg dated April 23, 2022, for more information.

Bao Ngoc

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