- Imported or self-produced/self-harvested agricultural, livestock, and aquaculture products that are unprocessed or only undergo ordinary preliminary processing are not subject to VAT, both before and after 1 July 2025.
- If company A farms or raises livestock under a contract with company B, the products sold to company B are treated as self-produced agricultural/livestock products.
- Any cultivation or farming service fees received by company A in this arrangement are also covered by this treatment.
- Therefore, these sales and related fees are not subject to VAT.
Source: taxathand.com
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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