vietnam's tax policies

Update news vietnam's tax policies

Ministry plans to increase environmental protection tax on non-biodegradable packaging

Expanding the tax base and increasing environmental protection tax on non-biodegradable packaging materials would be considered with an aim to limit the use of these materials.

VCCI suggests delaying corporate tax and land rent payments by six months

The purpose of delaying these payments is to help manage cash flows. However, businesses are still required to make full payments to the budget deficit.

Ministry proposes steeper excise tax on tobacco, alcohol

The Ministry of Finance has proposed slapping higher excise tax on unhealthy products such as cigarettes, beers and alcoholic beverages, and adding sugary drinks to the list as well.

Ministry proposes special consumption tax on sugared beverages

The Ministry of Finance has proposed to apply a special consumption tax on sugar-sweetened beverages to protect people's health following recommendations from the World Health Organisation.

Special consumption tax on gasoline still in place

The Ministry of Finance refused to lift the special consumption tax on gasoline at the second extraordinary meeting as the country fights climate change and commits to net zero emissions by 2050.