Vietnam’s Ministry of Finance plans to impose a 50% import tax on e-cigarette equipment

Vietnam’s Ministry of Finance plans to impose a 50% import tax on e-cigarette equipment

According to doanhnhansaigon, the Vietnamese government is seeking opinions on revising and supplementing the export and preferential import tax rates, commodity catalogs and absolute quotas of "Government Order 26/2023/ND-CP".

Especially for the preferential import tax rate for personal electronic equipment and similar vaporization equipment No. 8543.40.00, it is considered necessary to set a tax rate just like the goods in group 24.04 to restrict the use of products harmful to health.

Vietnam’s Ministry of Finance stated that the import tax on e-cigarette products should be set at the same 50% as traditional tobacco products to prevent their widespread circulation.

In addition, the Vietnamese government also disclosed that currently, as there is no clear policy on e-cigarette products, such products have not yet officially entered the Vietnamese market, and most e-cigarette products on the market are smuggled.
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