The Ministry of Finance of Vietnam has received comments from the government on Decree No. 26/2023/ND-CP on the issue of export taxes. The Ministry of Health re...
Vietnam’s Ministry of Finance has received comments from the government on Decree No. 26/2023/ND-CP on export tax issues, Vietnam Labor Daily reported. The Ministry of Health requires the Ministry of Finance to preferentially import e-cigarettes and related products to avoid including them in the export tax schedule. However, new tobacco products and their equipment and components have not yet been clearly defined in Vietnam.
In addition, the Ministry of Health urged the Prime Minister and the Ministry of Industry and Trade to ban the trade and trade of e-cigarettes in Vietnam, pointing out their potential harm to health. The Ministry of Public Security stated that there is currently no import policy for this item, so setting a tax rate is not appropriate.
In this context, British American Tobacco recommends maintaining the current 0% tax rate, believing that new generation tobacco products have the potential to reduce harm compared with traditional tobacco, and that the 50% tax rate is not in line with international practice.
The Ministry of Finance explained that the tax rate adjustment is necessary and appropriate because e-cigarettes are a new item controlled in the AHTN 2022 list and have not yet been launched at the time of the WTO commitment. The government has agreed to a 50% most-favored-nation rate to ensure similar management to conventional cigarettes, saying the move would have no immediate impact on the national budget, production and commercial activity and would not violate WTO commitments.
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