Tax
Special consumption tax according to Vietnamese law

Special consumption tax according to Vietnamese law

Update: 28/9/2018 | 11:28:57 AM - Dragon Law Firm

Special consumption tax (SCT) is a type of excise tax that applies to the production or importation of specific goods and the provision of certain services. Good lwawyers in Hanoi, Vietnam will discuss with you something about this matter.

 Special consumption tax (SCT) is a type of excise tax that applies to the production or importation of specific goods and the provision of certain services.

This tax is paid by the enterprises directly producing the goods but the consumers are taxpayers because the tax is added to the selling price. Goods and services that are subject to the SCT charges are also subject to VAT charges. The basis of VAT calculation is the selling price plus the SCT. For imported products, VAT is imposed on the dutiable value plus import duties plus SCT.

Under the current regulations, the special consumption tax on imported goods is calculated keeping in mind their cost, insurance, and freight (CIF) value plus current import tariff.

Goods and services bearing SCT in Vietnam are:

-         Goods: cigarette 65% ; alcohol (level < 20 degree: 25% ; level > 20 degree: 50%); car; Air conditioners of 90,000 BTU or less; Leaves, Code.

-         Service: Discotheque business; Business massage (massage), karaoke (karaoke); Casinos; Award-winning electronic games include jackpot games, slots and similar machines; Business betting; Golf business includes the sale of membership cards, golf tickets; Lottery business.

The imported tax on automobiles and air conditioners would be lower to zero under the country’s commitment to international integration.

Goods are exempt from SCT:

-         Goods manufactured directly exported or sold to authorized agents for export;

-         Imported goods including humanitarian aid, non-refundable aid goods; personal belongings of foreign organizations and individuals under diplomatic immunity or duty-free personal belongings; goods which are transshipped, transited or transported through Vietnam’s border; goods temporarily imported for re-export, or temporarily exported for re-import during the tax-free period; and goods imported for duty-free sale under the prescribed regulations;

-         Airplanes and yachts for sale and transport of passenger and goods;

-         Ambulances, hearses and automobiles with more than 24 seats;

-         Goods imported to non-duty areas, or domestic goods sold to non-duty areas (exclusive of automobiles with fewer than 24 seats).

In case that the items subject to SCT are produced from materials for which the relevant SCT amount was already paid, then the SCT amount already paid will be deducted when calculating the SCT amount for their production.

For more detailed information or you need good lawyers in Hanoi, Vietnam to consult you about intellectual property issues, please contact: 

Dragon Law Firm - 1900. 599.979

Website: dragonlaw.vn

Facebook: https://www.facebook.com/hanoilawfirm/

Address: Room 6, floor 14, Vimeco Building, Pham Hung Street, Cau Giay District, Hanoi, Vietnam

 

 

or No 24, Alley 29, Tram street, Long Bien ward, Long Bien district, Hanoi, Vietnam


Other News

Procedures Company Should do When Inspectors Come for Labors and Social Insurance?

Procedures Company Should do When Inspectors Come for Labors and Social Insurance?

Proud of one the best law firm in Vietnam in labors and social insurance, Dragon Law provides the regular legal consultation for Vietnamese and foreign companies.

Best Lawyers in Vietnam in CPC Code for Foreign Investors

Best Lawyers in Vietnam in CPC Code for Foreign Investors

Dragon Law with high experience lawyers in foreign investment will support foreign investors the simple answer for matter of CPC code in Vietnam.

Tax Disputes and Tax Dispute Resolution

Tax Disputes and Tax Dispute Resolution

Taxes is the mandatory deductions that organizations and individuals must submit to the State when it satisfies certain conditions. State will use the tax fee as its budget to ensure its function. Therefore, the tax laws often apply and tax dispute will frequently occur.

Business Conditions for Automobile Transportation

Business Conditions for Automobile Transportation

Decree No. 86/2014/ND-CP provides guidelines on business and conditions for automobile transportation business.

Best Lawyers in Hanoi Advise in Changes of Joint Stock Company

Best Lawyers in Hanoi Advise in Changes of Joint Stock Company

In the business process, company will raise demand to change in business registration contents such as: company name, charter capital, headquarter location, business line, members … Please contact to prestigious law firm in Vietnam on enterprise to be served.

Procedure for establishing a partnership

Procedure for establishing a partnership

If you would like to open a partnership in Vietnam, Dragon Law Firm - a prestige law firm in Vietnam that specializes in Enterprise Establishment - could provide you with quality legal advice and further consultancy services.

What Benefits Laborers Can Get Upon Company Dissolution?

What Benefits Laborers Can Get Upon Company Dissolution?

Famous law firm in Vietnam in benefits of laborers when company has dissolved is willing to support any questions from our value local and foreign investors.

Dragon Law - Consultation for Enterprise Registration Procedures

Dragon Law - Consultation for Enterprise Registration Procedures

Dragon Law Firm supports to Clients with best legal consultation services for company registration procedures.

Minimum Wage for Personal Income Tax?

Minimum Wage for Personal Income Tax?

Dragon Law Firm provides the fastest and most effective legal services. More detail information in 1900.599.979 will be directly consulted by the lawyers in taxation.

Registration Procedures for Company’s Representative Office

Registration Procedures for Company’s Representative Office

Representative office must carry the name of the enterprise, together with corresponding the supplement of representative office.

Back To Top