Increase in Special Consumption Tax on Harmful Consumer Goods: Tobacco, Alcohol, Beer

13:09, 11/07/2024

Law amending and supplementing a number of articles of the Special Consumption Tax Law 2014 stipulates an increase in special consumption tax on goods that, when used excessively, will harm consumers and the community.

To be specific: as follows:

- The tax rate for cigarettes, cigars, and other products derived from tobacco is 70% from January 01, 2016, an increase of 5% compared to the old regulation; from January 01, 2019, it is 75%;- The tax rate for products with alcohol over 20 degrees, beer is 55% from January 01, 2016, an increase of 5% compared to the old regulation; from January 01, 2017, it is 60%, and from January 01, 2018, it is 65%.

Furthermore, there is an increase in the special consumption tax on entertainment services to limit consumption: Casino business, electronic gaming with prizes: increased to 35%, an increase of 5% compared to the old regulation.

More details can be found in: Law on Amendments and Supplements to a Number of Articles of the Special Consumption Tax Law 2014 effective from January 01, 2016, amending and supplementing the Special Consumption Tax Law 2008.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn