Vietnamplus

Indonesia will raise excise tax rates for tobacco products by an average of 10% next year, according to Finance Minister Sri Mulyani Indrawati.

The Ministry of Industry and Trade (MoIT) has issued Decision No. 706/QD-BCT on the imposition of temporary anti-dumping tax rates on some types of welding materials of the Malaysian, Thai and Chinese origins.

The ninth session of the National Assembly (NA) Standing Committee wrapped up on March 24 after six working days divided into two periods.

The National Assembly (NA) Standing Committee on March 23 passed the resolution on environmental protection tax rates on petroleum, oil and lubricants, which will take effect from April 1 till December 31, 2022.

The Government has passed a draft resolution on the environmental protection tax rates on gasoline, oil and lubricants, which will be submitted to the the National Assembly Standing Committee for approval on March 14.

A webinar reviewing the one-year implementation of the EU-Vietnam Free Trade Agreement (EVFTA) was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the European Chamber of Commerce in Vietnam (EuroCham) on August 27.

The Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Vietnam.

The Ministry of Finance (MoF) recently has added non-woven fabrics, which are used to produce protective clothing, to the list of goods subject to import tax exemption.

Vietnam’s frozen Tra fish fillets will be subject to antidumping duties of 2.39 – 7.74 USD per kilogramme from the United States, according to a US decision which the Ministry of Industry and Trade (MoIT) claimed unfair and providing unduly excessive protection.

The Ministry of Finance has refused to reduce tax rates for the coal industry, citing the fact that tax reduction is beyond the Government’s authority.

The Ministry of Finance has proposed a standard tax rate for anhydrous butter fat (ABF) and anhydrous milk fat (AMF), two different kinds of materials for processing milk products.