Vietnam: Consumption tax on beer to rise to 65 pct in 2018 - report

Special consumption tax on beer would be raised to 55 percent in 2015, 60 percent in 2016 and 65 percent in 2018 from 50 percent now, according to a draft law amendment to be submitted to Vietnam's National Assembly for approval, the Dau Tu (Investment) newspaper reported.

Higher tax should be in place to help limit the use of the beverage and boost state budget income, the report quoted Finance Minister Dinh Tien Dung as saying.

26 September, 2014