Tags: value added tax

Finance ministry to consider VAT of 5% on fertiliser

Finance ministry to consider VAT of 5% on fertiliser

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.

Producers want fertilizer to be subject to VAT

Producers want fertilizer to be subject to VAT

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.

Finance ministry rethinks tax-free car imports by OVs

Finance ministry rethinks tax-free car imports by OVs

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.