TTB Meets with Vietnam Delegation
On July 8, 2014, the Alcohol Tobacco Tax and Trade Bureau (TTB) met with an excise tax delegation from Vietnam. Nine representatives from the Vietnam National Assembly, Ministry of Finance, Ministry of Justice, and Office of the Prime Minister met with officials from TTB's Headquarters Operations and the Office of Chief Counsel to learn more about how we administer U.S. tobacco excise tax laws and regulations.
TTB officials shared information about our approach to tobacco excise tax administration, and shared experiences in enhancing excise tax administration efficacy and means to minimize illicit trade. The delegation discussed current efforts to reform their tobacco excise tax system, along with experiences in addressing illicit trade. At the close of the meeting, TTB discussed various ways to extend collaboration and maintain an open dialogue.
This type of information sharing between the United States and our foreign counterpart tax administrators allows us to leverage our expertise and resources to further the Bureau's mission to promote the collection of excise tax lawfully due and prevent illicit trade. It also supports Treasury's goal to enhance U.S. competitiveness and promote international financial stability and balanced global growth.
To learn more about our tobacco program and excise tax laws and regulations see our Tobacco Web page.