Vietnam Lawmakers Advocate Removal of Special Consumption Tax on Air Conditioners

Removal of Special Consumption Tax

Vietnam: Vietnamese National Assembly deputies have called for the removal of the special consumption tax on air conditioners, arguing that these products are no longer luxury goods. Once considered a high-end item, air conditioners are now seen as necessities in many households. Lawmakers propose abolishing the tax on air conditioners with normal capacity and emphasize the need for a clear explanation if the tax remains. They stress that essential goods should not be subject to a tax designed for luxury products and urge authorities to align tax policies with current economic and consumer needs.

Source: Thestar