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Update news tobacco tax
VND15,000 tax increase proposed on cigarette packages
An increase of VND15,000 tax per cigarette package is expected to reduce the number of smokers by 696,000 by 2030 compared with 2020, and would add VND29.3 trillion per annum to the state budget, experts have said.
Vietnam plans steep tax increases on cigarettes and alcohol
In an effort to curb consumption, the Ministry of Finance has suggested a steep increase in taxes on cigarettes and alcohol, detailed in the draft amendment to the Special Consumption Tax Law currently under review.
MOF plans luxury-tax increase on tobacco products to curb consumption
VietNamNet Bridge – Vietnam is considering raising the luxury tax rate on tobacco products but it is still unclear how high the rate will be.
Social News Headlines 31/5
Vietnam, RoK cooperate in copyright protection; Workers abroad fined for violating contracts; Continued objection to China’s illegal acts; Workers hospitalised for exposure to extreme hot weather
BUSINESS IN BRIEF 24/3
U.S. firms concerned about automated customs system; Banks prudent in 2014 profit targets; Many skeptical about tobacco tax hike goals; Rock-bottom vegetable prices hit farmers; Land rental rates could be increased
