- Vietnam’s 2025 SCT Law promotes healthier consumer behaviors and combats smuggling.
- The law taxes cigarettes, tobacco, alcohol, beer, vehicles, motorcycles, aircraft, yachts, gasoline, ACs, playing cards, and sugary drinks.
- Services taxed include nightclubs, massage/karaoke, casinos, betting, golf, and lotteries.
- Exemptions include goods outsourced for export and specific unregistered vehicles.
- New SCT calculation involves taxable price, tax rate, and fixed tax amount.
- Updated SCT rates vary by product, with specific rates for tobacco, alcohol, beer, vehicles, and more.
- SCT refunds and deductions are available for exported raw materials and other specific cases.
- The law enhances tax transparency and requires businesses to plan for tax increases.
- Industries like alcohol and sugary drinks face challenges, needing impact assessments and compliance adjustments.
- Long-term business strategy should focus on sustainable and healthier products.
Source: fiscal-requirements.com
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.
