Ministry proposes tobacco tax hike
The Ministry of Health (MoH) has proposed to raise the tax imposed on a pack of cigarettes to 2,000 VND (0.088 USD). Meanwhile, the draft law on Special Consumption Tax, which will come into effect in 2020, plans to put a tax of 1,000 VND (0.044 USD) on a pack of cigarettes or increase the tax from 75 to 80 percent of the tobacco’s price from 2020 onwards and from 80 to 85 percent from 2021 onwards. Currently, tax on tobacco is 70 percent of their prices.
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