Expert recommends gradual approach for increasing special consumption tax on alcoholic beverages

• Ministry of Finance proposes hike in special consumption tax on alcoholic drinks
• Draft suggests 80% tax on spirits with 20 degrees alcohol content by 2026
• Tax on beer to increase gradually, reaching 100% by 2030
• Tax on alcohol below 20 degrees proposed at 50%, rising to 70% by 2030
• Expert Nguyen Ngoc Tu recommends balanced approach to tax increase
• Tax aims to regulate consumer behavior for environmental, health, and social welfare reasons
• Vietnam has room to increase tax rates based on international practices
• Policies like road safety laws and alcohol control have reduced alcohol consumption
• Vietnam Beer, Alcohol, and Beverage Association suggests extending tax increase roadmap
• Expert suggests longer-term tax plan with consideration of production and business impacts
• Proposed tax increase should have a roadmap spanning at least 10 years, up to 2035 or 2045.

Source: vietnamlawmagazine.vn

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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