Vietnam parliament approves hiking tax on alcoholic drinks to 90% by 2031

Vietnam parliament approves hiking tax on alcoholic drinks to 90% by 2031

Vietnam's National Assembly on Saturday approved a proposal to raise the special consumption tax on alcoholic beverages to 90% by 2031 from the current 65%, a move that will add to challenges facing the industry even though the top rate won't be as high as first flagged.

Vietnam approves 90 percent tax on beer, strong alcohol by 2031

HANOI — Vietnam’s lawmakers approved raising the tax on beer and strong alcoholic beverages on Saturday to 90 percent by 2031 from the current 65 percent, state media said. The tax rate on liquor with more than 20 percent alcohol content and all beers will rise five percentage points yearly from 2027 before reaching 90 percent in 2031 under the National Assembly’s new legislation. Levies will also increase by five percentage points annually for …

Tears for cheers: Vietnam to raise alcohol tax to 90% by 2031

The new move adds to the challenges facing the beer industry, led by Heineken, Carlsberg and local brewers Sabeco and Habeco.

Vietnam Parliament Approves Hiking Tax on Alcoholic Drinks to 90% by 2031

Verity - Vietnam Approves 90% Tax Hikes on Alcoholic Drinks

Vietnam's National Assembly approved legislation on Saturday that raises excise taxes on alcoholic beverages. The taxes on beer and strong liquor are set to increase from the current 65% to 70% by ...