Bộ Tài chính đề xuất sửa Luật Thuế giá trị gia tăng và Luật Thuế tiêu thụ đặc biệt

Abstract

The Ministry of Finance has just submitted to the Government a
proposal to amend and supplement the Law on Value Added Tax (VAT) and the
Law on Special Consumption Tax (Special Consumption Tax). In particular, it is
worth noting that it is proposed to narrow down the subjects that are not subject to
VAT and those subject to 5% VAT to switch to a higher tax rate (the common tax
rate is 10%). The Law on Special Consumption Tax will increase tax rates for a
number of consumer goods that are harmful to health and affect the environment.
The amendment and supplement of two tax laws is the first step to implement the
Tax System Reform Strategy, period 2021 - 2030 according to Decision No. 508/
QD-TTg dated April 23, 2022 of the Prime Minister.