Excise Tax is a tax applied to certain luxury goods and services. So which goods and services are subject to excise tax in Vietnam?
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Goods and Services subject to excise tax in Vietnam 2022 (Source: Internet)
Pursuant to Article 2 of the Law on Special Consumption Tax 2008 (amended 2014) and Article 2 of Decree 108/2015/ND-CP, the subjects subject to excise tax in Vietnam are specified as follows:
1. Goods subject to excise tax in Vietnam
- Cigarettes, cigars and other tobacco preparations used for smoking, inhaling, chewing, sniffing or keeping in mouth;
- Liquor;
- Beer;
- Under-24 seat cars, including cars for both passenger and cargo transportation with two or more rows of seats and fixed partitions between passenger holds and cargo holds;
- Two- and three-wheeled motorcycles of a cylinder capacity of over 125 cm3;
- Aircraft and yachts;
- Gasoline of all kinds, naphtha, reformade components and other components for mixing gasoline;
- Air-conditioners of 90,000 BTU or less;
- Playing cards;
- Votive gilt papers and votive objects.
It should be noted that goods subject to excise tax must be processed goods products, not components for assembling these goods.
2. Services subject to excise tax in Vietnam
- Dance halls:
- Massage parlors and karaoke bars;
- Casinos; prize-winning video games, including jackpot and slot games and games on similar machines;
- Betting;
- Golf business, including the sale of membership cards and golf playing tickets;
- Lottery business.
Nhu Mai
