Vietnam finance ministry plans 50% import tax on vaping devices

The Vietnamese government has decided to set the import tax on vaping products at 50%, the same as traditional tobacco products, to prevent their widespread circulation in the market, and plans to restrict the circulation of e-cigarettes.

According to reports from doanhnhansaigon, the Vietnamese government is seeking opinions on revising and supplementing some regulations regarding export and preferential import tax rates, product catalog, and absolute quotas in the Government Decree 26/2023/ND-CP.

In particular, for the preferential import tax rate on personal electronic devices and similar vaping devices under code 8543.40.00, it is deemed necessary to set the tax rate similarly to that of products in group 24.04 to limit the use of health-harming products.

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

Additionally, the Vietnamese government disclosed that currently, due to the lack of clear policies on e-cigarette products, these products have not officially entered the Vietnamese market, and most e-cigarette products available are smuggled.