Extend deadline for paying Special Consumption Tax on domestically produced and assembled cars

Extend deadline for paying Special Consumption Tax on domestically produced and assembled cars

VCN - The Decree stipulates that the payment deadline for the Special Consumption Tax for the Tax terms of May, June, July, August and September in 2024 for domestically produced and assembled cars.
Proposal to extend the special consumption tax payment deadline for domestically produced and assembled cars

Proposal to extend the special consumption tax payment deadline for domestically produced and assembled cars

Total amount of special consumption tax (SCT) on domestically produced and assembled cars, if extended, is about VND 8,560 billion.
It is necessary to adjust the special consumption tax on harmful goods to health

It is necessary to adjust the special consumption tax on harmful goods to health

VCN - Many opinions agree with the drafting agency's proposal to implement a policy to expand the tax base for products that are not beneficial to health and the environment such as sugary drinks as well as research on increasing special consumption tax (
Payment deadlines extended for domestic automobiles

Payment deadlines extended for domestic automobiles

VCN - If the taxpayer is subject to an extension of special consumption tax (SCT), they shall not pay the SCT payable on the declared CIT declaration.
Impose special consumption tax on pick-up car

Impose special consumption tax on pick-up car

VCN-The GDVC cites Circular 65/2017/TT-BTC and refers to the HS 2017 of the World Customs Organization saying pick-up cars for transport of people is under heading 87.03 and pick-up cars for transport of goods under heading 87.04.
Ho Chi Minh City: Series of domestic revenues increased

Ho Chi Minh City: Series of domestic revenues increased

VCN- Revenue from production and business activities in the firsteight months of 2019 was VND105,196 billion, reaching 59.95% of the estimate, up 7.26% compared to 2018, and accounting for 62.41% of the total domestic revenue excluding crude oil.
Experience in levying  special consumption tax on sweetened beverages in many countries

Experience in levying special consumption tax on sweetened beverages in many countries

VCN- According to the National Institute for Finance, taxes on sweetened beveragesare applied in many countries in Europe, South America, North America and Asia. Taxation is implemented in the context that sweetened beverages are harmful to human health.
Guiding the declaration of special consumption tax

Guiding the declaration of special consumption tax

VCN – Answering the question from Shipping Corporation and Maritime Services on the declaration of special consumption tax (SCT) for fermented fruit juice with alcohol content of 4.5 degrees, the General Department of Customs gave specific guidance on th
To supplement a provision on special consumption tax refund for bio-fuels

To supplement a provision on special consumption tax refund for bio-fuels

VCN - Decree 108 has not regulated the SCT refund for the deductible SCT amount, the enterprises engaging in business of this item are not entitled preferences.
Da Nang Customs Department achieved 1,765 billion VND of revenue collection in 6 months

Da Nang Customs Department achieved 1,765 billion VND of revenue collection in 6 months

As of 28/5, the state revenue reached more than 1.510 billion VND, reaching 47% of the target, increased by 17% over the same period in 2017.
Proposing to increase tax rate for cigarettes to the highest rate

Proposing to increase tax rate for cigarettes to the highest rate

VCN- In particular, the World Bank said that with a 10% increase in tax rate for cigarettes, it raises 7% more tax revenue for countries on average.
MoF urged to revise automobile industry laws

MoF urged to revise automobile industry laws

The Ministry of Industry and Trade MoIT has asked the Ministry of Finance to remove the special consumption tax for locally manufactured auto parts
Soft drinks may be levied Special Consumption Tax

Soft drinks may be levied Special Consumption Tax

VCN- Mr. Pham Dinh Thi- Director of Tax policy Department- Ministry of Finance said that sugary drinks are popular with many people.
Add more conditions for special consumption tax deduction

Add more conditions for special consumption tax deduction

Circular 20/2017/TT-BTC specified the conditions for deducting special consumption tax
Calculation of special consumption tax and  tax for automobile spare parts to be adjusted

Calculation of special consumption tax and tax for automobile spare parts to be adjusted

The ministry has proposed three solution groups to develop the automobile industry in the near future.
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