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
VCCI again proposes abolishing special consumption tax on gasoline
HCMC – The Vietnam Chamber of Commerce and Industry, or VCCI, has repeated its proposal that the Ministry of Finance abolish the special consumption tax on gasoline. Gasoline is currently subject to import, environmental protection, special consumption and value-added taxes. Among the four taxes,
Special consumption tax on gasoline still in place
HCMC – 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. The special consumption or excise tax is a government levy on specific goods and services whose