Vietnam: New Law on Special Consumption Tax Adversely Affects Alcohol Imports

  |   Attaché Report (GAIN)

On April 6, 2016, the National Assembly of Vietnam passed Law 106/2016/QH13 (Law 106) on amending and adding a number of articles to Law on Value Added Tax, the Law on Special Consumption Tax (SCT), and the Law on Tax Management. The Law will adversely affect imports of alcoholic beverages by changing the tax basis for how the special consumption tax is collected. The new SCT calculation basis comes after the National Assembly raised the SCT rate during previous assembly sessions. Law 106 will come into force on July 1, 2016. A new implementing Decree, replacing Decree 108/2015 will be issued before the entry into force date of the Law.

Vietnam: New Law on Special Consumption Tax Adversely Affects Alcohol Imports

Exporting, Regulations & Requirements
East Asia and the Pacific, Vietnam

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