“Economists and industry experts said a balanced approach is required in implementing the changes to Việt Nam’s special consumption tax law, which will see tax double for alcoholic beverages from 2026 to 2030.
Professor Chử Văn Lâm, vice president of the VEA, said the industry has considered the tax hike as a pressing issue, garnering attention from all players in the industry and other related industries.
Lâm said opponents of the tax hike are raising significant concerns, including the lack of a comprehensive study on how different tax rates will affect the industry in the short, medium and long term.” – Viet Nam News
Source: Special Consumption Tax On Alcoholic Beverages Requires Careful Study
Special Consumption Tax On Alcoholic Beverages Requires Careful Study
