May 19, 2024 | 14:04 GMT +7
May 19, 2024 | 14:04 GMT +7
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(VAN) The limited VAT refund issue in the wood industry has caused long-term congestion and severely impacted Vietnamese wood businesses.
(VAN) The fact that fertilizer is not subject to VAT is causing many difficulties for businesses and directly affects the price of products.
(VAN) The Government’s proposal on imposing a VAT rate of 5% on fertilisers will be included in the draft law on value-added tax which is expected to be discussed on National Assembly’s agenda this year.
The Vietnam Farmers’ Union (VNFU) has agreed the imposition of 5% value added tax (VAT) on fertilizer products to boost local fertilizer production.