- Workshop on Value Added Tax for fertilizer industry held on July 16
- Majority of National Assembly delegates agree on the need to amend VAT Law to address issues and improve tax policies
- Local fertilizer companies face disadvantages compared to imports due to VAT exemption
- Proposed amendment to shift fertilizers to 5% VAT category to support domestic production and competitiveness
- Differing opinions among delegates on VAT rate for fertilizers: 0%, 5%, or maintain current regulations
- Discussion at workshop focused on impacts of different VAT options on fertilizer industry, farmers’ income, and state budget
Source: baochinhphu.vn
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.
Latest Posts in "Vietnam"
- Determining Product Groups Eligible for VAT Reduction Under Decree 174/2025/NĐ-CP
- Summary of Recent Legislative Updates on Tax Administration and Various Tax Policies as of August 2025
- New VAT Guidelines for Entities in Vietnam Start on July 1, 2025
- Vietnam and MERCOSUR FTA Negotiations: Expanding Market Access in Latin America
- Vietnam’s New Tax Compliance Rules for E-Commerce and Digital Platforms Effective July 2025
