- Animal feed is not subject to value-added tax (VAT).
- Business households and individuals selling animal feed must still declare VAT, but do not pay VAT on these goods.
- For VAT declaration, they should declare as “not subject to VAT,” not at the 1% rate.
- If annual revenue exceeds 500 million VND, they must declare and pay personal income tax according to regulations.
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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