-
Viet Nam’s National Assembly approved a revised Excise Tax Law on 14 June 2025, increasing taxes on tobacco and alcohol and introducing a new tax on sugar-sweetened beverages.
-
WHO praised Viet Nam’s move, highlighting it as a “win-win” for public health and government revenue, reducing harmful consumption while boosting productivity and long-term healthcare savings.
-
The tax reform supports national health goals, with projections showing tobacco-specific tax hikes could cut male smoking rates and eliminate over 3 million smokers by 2030.
Source: baochinhphu.vn
Latest Posts in "Vietnam"
- Vietnam’s New Tax Compliance Rules for E-Commerce and Digital Platforms Effective July 2025
- Vietnam Updates VAT Regulations: New Decree Clarifies Exemptions, Rates, and Refund Conditions
- Vietnam Amends VAT Law: New Decree on Taxable Goods, Rates, and Refunds Effective July 1
- Criteria for Determining VAT Reduction Eligibility for Fireproof Steel Doors in Vietnam
- Taxable and Non-Taxable VAT Subjects from July 1, 2025: New Regulations Explained
