Vietnam’s Decree No. 108/2015/ND-CP: Excise tax rates applicable from January 01, 2016

15:17, 30/10/2015

On October 28, 2015, the Government of Vietnam issued Decree No. 108/2015/ND-CP providing guidelines for some articles of the Law on excise duty and the Law on amendments to the Law on excise duty.

thue suat tieu thu dac biet, Nghi dinh 108/2015/NĐ-CP

According to Decree No. 108/2015/ND-CP of Vietnam’s Government, excise tax rates are specified in the excise tax schedule in Clause 4 Article 1 of the Law on amendments to the Law on excise duty, specifically as follows:

- Motor vehicles designed to transport both passengers and cargo mentioned in Point 4d and 4g of the excise tax schedule are those that have at least 2 aisles and a partition that separates the passenger compartment and cargo compartment according to national standards promulgated by the Ministry of Science and Technology.

- Motor vehicles using both gasoline and biological fuel or electricity mentioned in Point 4dd of the excise tax schedule are those of which fuel contains not more than 70% gasoline and motor vehicles that combine an electric engine and an internal combustion engine of which fuel consumption does not exceed 70% of that of the most fuel-efficient vehicle with the same number of seats and cylinder capacity on Vietnam’s market.

- Motor vehicles running by biological fuel or electricity mentioned in Point 4e and Point 4g of the excise tax schedule are those running completely by biological fuel or electricity.

More details can be found in Decree No. 108/2015/ND-CP of Vietnam’s Government, which takes effect from January 01, 2016.

Thu Ba

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