New special consumption tax rates will be levied on several commodities such as air conditioners, airplanes, buses with nine or less seats, and gaming services that offer cash bonuses as from April 1 this year.
The tax rates on minibuses will vary from 45 to 60 percent; air conditioners will be taxed at 10 percent, and discotheques and entertainments – up to 40 percent.
The Finance Ministry is drawing up a memo to provide guidance on the implementation of the revised Law on Special Consumption Tax.
However, until the memo is issued, the tax will still be applied from April 1 with local tax offices providing any necessary guidance.
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