- The National Assembly discussed amending the Value Added Tax (VAT) law, focusing on unprocessed agricultural, forestry, and fishery products.
- Delegates support returning to the previous tax model (2016-2024), where these products are not subject to output VAT but input VAT is deductible, to reduce costs and administrative burdens for businesses.
- Clear legal provisions are proposed to prevent inconsistent interpretations and tax disputes across localities.
- Suggestions include assigning the Ministry of Finance to define specific criteria for what constitutes normal preliminary processing of agricultural products.
Source: vietnam.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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