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FINANCE, TAX & INSURANCE, LEGAL NEWSLETTERS

Highlights of the Proposal for Amended Special Consumption Tax Law

Le Mai Phuong - 18/07/2023

In order to meet the practical situation and ensure compatibility with the reform direction of special consumption tax (SCT) in other countries, the Ministry of Finance is currently developing a project of Amended SCT Law. Given the significance and impact of SCT-related regulations on production and business activities, NHQuang&Associates would like to introduce some notable contents of the Project as follows:

(i) Extending the scope of taxable objects (supplementing taxable objects with appropriate tax rates);
(ii) Adjustment of SCT rates for items harmful to health and items contributing to environmental protection.

Highlights of the Proposal for Amended Special Consumption Tax Law
Highlights of the Proposal for Amended Special Consumption Tax Law
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