- Vietnam’s Ministry of Finance has proposed exempting seven sectors from value-added tax (VAT)
- The sectors include fertilizers, specialized machinery and equipment in agricultural production, offshore fishing vessels, securities depositories, organization services of stock exchanges or securities trading centers, postal services and public telecommunications, and maintenance services for parks, street trees, and public lighting
- This proposal is part of the government’s VAT reform plan, which aims to review the 26 industries currently exempt from the country’s goods and services tax.
Source: news.bloomberglaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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