On November 26, 2014, the 13th National Assembly on November 26, 2014 during the 8th session pass the Law No. 70/2014/QH13 on amending a number of articles of the Law on Special Excise Duty and deciding to increase special excise tax by 5% for some goods and commodities from January 01, 2016.
In particular, the rate of special exercise tax for the cigarettes, cigars, and other products derived from tobacco plants shall increase from 65% to 70% from January 01, 2016 until the end of December 31, 2018 and 75% from January 01, 2019. For Alcohol with ABV <20o, the rate of special exercise tax is 30% from January 01, 2016 until the end of December 31, 2017 and 35% from January 01, 2018. For alcohol with ABV ≥ 20o, the rate of special exercise tax is also increased by 5% to 55% from January
01, 2016 until the end of December 31, 2016, to 60% from January 01, 2017 until the end of December 31, 2017 and 65% from January 01, 2018. Similarly, the rate of special exercise tax for casino, non-table games formally increase to 35% from January 01, 2016, increased by 5% compared with previous regulations.
For remain commodities, the rate of special exercise tax stay the same compared with previous regulations with 30% for passenger cars having 10 – 15 seats; 15% for passenger cars having 16 – 23 seats and 15% for cars used for both passenger and cargo transport and 20% for motorcycles, motor tricycles of a cylinder capacity exceeding 125 cm3.
This Law takes effect on January 01, 2016.
Source: luatvietnam.vn
