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tax increase
President Trump says he does not want to continue raising tariffs on China
US President Donald Trump said he did not want to continue raising tariffs on China because it could stall trade between the two countries and asserted that Beijing had reached out repeatedly to try to broker a deal.
US-China trade tensions flare as US raises 245% tax on Chinese goods
According to an announcement from the White House on the night of April 15 (local time), the US will impose tariffs of up to 245% on goods exported from China, in a move to respond to Beijing's recent retaliatory measures.
US reciprocal tax officially takes effect, Deputy Prime Minister Ho Duc Phoc will hold talks on the afternoon of April 9
At 11:01 a.m. today, April 9 (Vietnam time), the US's reciprocal tax rate applied to a series of countries and territories officially took effect.
US announces doubling of tariffs on aluminum and steel from Canada
US President Donald Trump announced that he has instructed the Department of Commerce to increase tariffs by 25% on all steel and aluminum products imported from Canada.
Trump punishes Colombia for refusing deportation flight
President Trump announced sanctions against Colombia, including increased import tariffs, after Bogota refused to accept two flights to deport migrants.
National Assembly Delegate of Hai Duong Province: Carefully consider increasing special consumption tax
National Assembly delegates from Hai Duong province proposed to carefully consider increasing special consumption tax, especially on some special items.
Proposal to increase alcohol tax by at least 10%
The two ministries of Finance and Health have proposed a roadmap to increase the price of alcohol by at least 10% according to WHO recommendations to reduce consumption and prevent health damage.
Proposal to increase tobacco tax to reduce the number of smokers
When cigarette prices increase, people spend their money on other products. Plus, the government gets more revenue to invest back into the economy and areas like health and education.
WB recommends increasing special consumption tax on alcohol to 155%
The World Bank (WB) recommends imposing a special consumption tax on beer and alcohol of up to 155% or adding an absolute level to ensure health goals.
Russia increases import duties on goods from unfriendly countries
On July 19, Russian Prime Minister Mikhail Mishustin signed a decision to impose additional import duties on a number of goods from unfriendly countries.
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