Vietnam Government Seeks Public Opinion on Revised Export and Import Tax Regulations

Regulations by 2FIRSTS.ai

Nov.23.2023

Vietnam Government Seeks Public Opinion on Revised Export and Import Tax Regulations

Vietnamese government seeks public opinion on revising and supplementing regulations on export, preferential import tax rates, and quotas.

According to a report by Doanh Nhan Sai Gon, the Vietnamese government is seeking feedback on revising and supplementing certain provisions of Government Decree 26/2023/ND-CP regarding export and preferential import tax rates, commodity lists, and absolute quotas.

There is a belief that it is necessary to establish import tax rates for personal electronic devices and similar vaporizing devices, especially for those classified under code 8543.40.00, similar to the approach taken for goods under group 24.04. This is seen as a way to restrict the use of products that may pose health hazards.

The Ministry of Finance in Vietnam has stated that the import tax for e-cigarette products should be set at a uniform rate of 50%, the same as traditional tobacco products, in order to prevent their widespread circulation.

Additionally, the Vietnamese government has revealed that currently, due to the lack of clear policies on e-cigarette products, these types of products have not officially entered the Vietnamese market. The majority of e-cigarette products on the market are smuggled.

References:

[1] Bộ Tài chính đề xuất áp dụng thuế với thiết bị dùng cho thuốc lá điện tử

Also Read:

[1] Investigation Reveals Untraceable E-cigarette Products in Vietnam

[2] Vietnam Cracks Down on Illegal E-cigarette Sales and Use

#E-cigarette Taxes #E-cigarette Regulation

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