Deferment of excise tax payment allowed for local auto businesses
HCMC – The Government has issued Decree 36, allowing local auto manufacturers and assemblers to extend their payments of special consumption tax or excise tax until November of this year. Under the decree, local auto makers with outstanding special consumption tax amounts payable for the tax
Trade Ministry backs 50% car registration fee cut
HCMC – The Ministry of Industry and Trade has thrown its weight behind a proposal for a 50% registration fee cut and an extension of special consumption tax payments for domestically made and assembled cars to boost consumption. Deputy Minister of Industry and Trade Phan Thi Thang wrote to the
Ministry proposes steeper excise tax on tobacco, alcohol
HCMC – 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. The ministry is seeking feedback on the proposal to work out the revised law on excise tax to stimulate