- The National Assembly passed the amended Law on Special Consumption Tax.
- The law expands taxable items to protect the environment and promote healthier habits.
- Air conditioners with 24,000 to 90,000 BTU are now taxed; others are exempt.
- Sugar-sweetened beverages will be taxed starting in 2027, increasing in 2028.
- Milk, 100% fruit juice, and similar drinks are exempt from the tax.
- Petroleum products remain taxed to support environmental commitments.
- Tax rates on cars, motorcycles, tobacco, alcohol, and other items remain unchanged.
- Certain rescue and agricultural equipment are now exempt from the tax.
- The law takes effect on January 1, 2026.
Source: vneconomy.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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