- Film industry businesses propose reducing VAT from 5% to 3%
- They sent a document to the National Assembly and Government opposing the proposed increase to 10%
- Stakeholders believe the increase is unreasonable and detrimental to the industry’s development
- The film industry has been heavily affected by the COVID-19 pandemic and is still recovering
- Changes in consumer habits and purchasing power are also impacting film businesses
- Businesses suggest a VAT reduction to 3% for film services to help overcome financial burdens and support industry growth.
Source: vietnamnews.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"
- Basis for Applying 8% or 10% VAT Rates According to Decree 174/2025/NĐ-CP
- New VAT Law Creates Cash Flow Crisis for Vietnamese Agricultural Exporters
- Vietnam’s 2025 VAT Refund Eligibility: Key Criteria and New Regulations Explained
- Vietnam Announces Temporary VAT Reduction to 8% for Key Sectors Until December 2024
- Guidelines for Handling VAT After Provincial Merger in Vietnam (2022-2025)
