- 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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