The Ministry of Finance will consider a value-added tax (VAT) rate of 5% on fertiliser products which are now free of VAT in response to domestic producers’ claim that the zero VAT policy made it harder for them to compete.
Tax incentives for developers of social housing projects for lease should be made clear and consistent to encourage private investment in the segment, according to the HCM City Real Estate Association.
Vietnam Automobile Manufacturers’ Association (VAMA) has proposed the Government reduce value-added tax (VAT) and registration fees for car customers by 50%, reports vietnamnet.vn.
Fertilizer producers have petitioned lawmakers to add fertilizer to the list of products subject to value added tax (VAT), reports the website of the Ministry of Industry and Trade.
Experts have urged simplifying the procedures to receive refunds on value-added tax (VAT) for foreign tourists.
The Finance Ministry has proposed ending a long-running policy that grants import tariff and value-added tax exemptions to cars imported by Overseas Vietnamese when they return to Vietnam to live or work.
(VOV) -Tax policy amendments have improved the conditions facing foreign businesses operating in Vietnam.