09:10 | 04/09/2024

Vietnam: What are the objects subject to excise tax in 2024?

"What are the objects subject to excise tax in Vietnam?

What are the objects subject to excise tax in 2024 in Vietnam?

Under Article 2 of the Law on excise tax 2008 and Article 2 of Decree 108/2015/ND-CP, the objects subject to excise tax include:

(1) Goods subject to excise tax:

- Cigarettes, ciꦉgars, and other tobacco products used for smoking, inhaling, chewing, sniffing, or sucking;

- Alcohol;

- Beer;

- Passeng♏er cars with fewer than 24 seats, including those designed for both passenger and cargo transport with two or more rows of seats, with a fixed partition between the passenger and cargo compartments;

- Motorbikes with engine capacity above 125cm³, including two-wheeled and thre𓃲e-wheeled bikes;

- Aircraft and yachts (used for civil purposes);

- Various types of gasoline;

- Air cওonditioners with a capacity of 90,000 BTU or less;

- Playing cards;

- Joss paper and votive objects (excluding children’s toys 🎃ꦗand educational equipment).

Note: Goods subject 𒁃to excise tax💫 must be complete products and not include components for assembling such goods.

(2) Services subject to excise tax:

- Nightclub businesses;

- Massage, karaoke businesses;

- Casino businesses; prize-winning electronic games, including jackpot machines, slot machines, and similar types oꦉf machines;

- Betting businesses ꧋(including🦩 sports betting, entertainment betting, and other forms of betting as prescribed by law);

- Golf businesses, including selling membership cards and golf playing t🌼icket꧑s;

- Lottery businesses.

Who is subject to special consumption tax in 2024?

What are the objects subject to excise tax in 2024 in Vietnam? (Image from Internet)

What are the objects exempt from excise tax in Vietnam

Under Article 3 of the Law on excise tax 2008 and Article 3 of Decree 108/2015/ND-CP🗹, the goods specified above a𝐆re not subject to excise tax in the following cases:

(1) Goods directly p𝔉roduced or processed for export by produ༺ction facilities or sold or entrusted to other business objects for export;

(2) Imported goods including:

- Humanitarian aid, non-refundable aid; gifts💮 to state agencies, political organizations, socio-political organizations, socio-professional political organizations, social organizations, socio-professional organizations, armed forces units, gifts to individuals in⭕ Vietnam as per the stipulation of the Government of Vietnam, including:

+ Humanitarian aid, non-refundable aid, including goods imported with non-refundable aid funds approved by competent authorities, humᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤൩⁤⁤ᩚ𒀱ᩚᩚᩚanitarian assistance, emergency relief to mitigate the consequences of wars, natural disasters, diseases;

+ Gifts from foreign organizations or individuals to state agencies, political organi🀅zations, socio-political organizations, socio-professional politi💖cal organizations, social organizations, socio-professional organizations, armed forces units;

+ Gifts to indiജviduals in Vietnam ﷽within the limits set by law.

- Goods in transit or borrowed through Vietnamese customs gates or borders, goods temporarily imported for re-export or temporarily exported for re-im𒈔🐻port without paying import or export tax within the time set by the law on import and export tax;

- Goods for foreign organizations or individuals entitled to diplomatic immunity standards; goods carried by individuals wit🀅hin duty-free luggage limits; goo🐎ds imported for duty-free sales as stipulated by law;

(3) Aircraft and yac🍸hts used fo༒r the business of transporting goods, passengers, and tourists;

(4) Ambulances; prisoner transport vehicles; funeral vehicles;✱ passenger vehicles designed with standing places and seats accommodating 24 or more people; vehicles operating in amusement p▨arks, sports grounds that are not registered for road use and do not participate in traffic;

(5) Goods imported from abroad into duty-free zones, goods sold from domestic🦩 markets into duty-free zones, and used only within duty-free zones, and goods traded between duty-free zones, excluding passenger cars with fewer than 24 seats.

Who is responsible for paying excise tax in Vietnam?

According to Article 4 of the Law on excise tax 2008, tho𒀰se responsible for paying excise tax are stipulate𝕴d as follows:

- Excise taxpayers include producers and importers of goods and providers of services which are subject t𝓰o excise tax.

- Exporters that purchase excise tax-liable goods from producers for export and ꦺdo🐲 not export but sell them domestically shall pay excise tax.

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Vietnam: What are the objects subject to excise tax in 2024?
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