VAT Tax on Fertilizers: Business and Farmers Working Together for a Sustainable Future

• The Ministry of Agriculture and Rural Development aims to ensure reasonable prices for fertilizer for farmers.
• Farmers are concerned about the increase in fertilizer prices due to VAT.
• The cost of agricultural inputs has been rising, affecting farmers’ profits.
• Farmers are trying to reduce the use of fertilizers to lower production costs.
• The National Assembly is discussing imposing a 5% VAT on fertilizers.
• The government aims to balance the interests of businesses and farmers with the VAT imposition.
• There is hope that businesses will share profits with farmers for sustainable development.

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.

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