conclusion nears for vat fertiliser issue

Conclusion nears for VAT fertiliser issue

Lawmakers have assessed that if fertilisers were included in the VAT tax group at a rate of 5 per cent, it could create a fairer market but would certainly increase product prices.
appying vat on fertiliser for sustainable development

Appying VAT on fertiliser for sustainable development

Applying VAT at 5 per cent on fertiliser will benefit various parties and contribute to the sustainable development of the industry.
vat overhaul to boost agriculture prospects

VAT overhaul to boost agriculture prospects

Vietnam is set to revise its existing Law on Value-Added Tax with a reclassification of products in areas like agriculture and fisheries, with the hopes of making them more favourable in performance.
playing field could be balanced with vat exemptions

Playing field could be balanced with VAT exemptions

The Ministry of Finance is recommending the exclusion of several specific goods and services from the scope of VAT exemption.
clarity sought on vat reduction proposals

Clarity sought on VAT reduction proposals

The proposal to reduce VAT by 2 per cent has received conflicting responses.
an phat continues to fight for vat reimbursement

An Phat continues to fight for VAT reimbursement

The long-standing dialogue between Hanoi Tax Department and An Phat Global Import – Export Trading JSC is becoming increasingly strained, with ongoing disputes over VAT refunds causing tension and frustration.
support to continue in form of vat cut

Support to continue in form of VAT cut

Many types of goods and services currently subject to a 10 per cent VAT rate are to continue being eligible for a 2 per cent reduction in this type of tax, which is scheduled to get the official thumbs-up from the legislature in late June.
long awaited vat path is set to be outlined

Long awaited VAT path is set to be outlined

Local banks’ SOS for value added tax guidance will soon be answered.
pharmaceutical groups yearn for end to vat tangle

Pharmaceutical groups yearn for end to VAT tangle

Amidst lingering complaints from businesses on VAT for imported medical devices, the Ministry of Finance has broken its silence by announcing the ongoing revision of prevailing rules, but tangled inconsistencies will remain with no timeline yet revealed.
vat plan would hit household welfare vepr

VAT plan would hit household welfare: VEPR

The Ministry of Finance’s (MOF) two proposals to increase value-added tax (VAT) would have various impacts on the overall economy and household welfare, said Nguyen Duc Thanh, Director of the Viet Nam Institute for Economic and Policy Research (VEPR).
over 650000 vat refunded to foreign visitors

Over $650,000 VAT refunded to foreign visitors

Over 3,500 foreigners received VAT refund totaling VND15 billion (US$660,000) in the last six months, a year on year increase of nearly 50 percent, reported the Customs Division at Tan Son Nhat International Airport.
mof eases regulations for vat tax refunds

MOF eases regulations for VAT tax refunds

The Ministry of Finance has asked local tax authorities to refund value-added tax (VAT) to enterprises if the amount of tax they default on is less than the amount of tax refund that they will receive.
phu quoc airport to provide vat refunds

Phu Quoc airport to provide VAT refunds

International tourists will receive value-added tax (VAT) refunds on goods they purchase in Viet Nam at one more airport, the Phu Quoc International Airport in the southern Kien Giang province.
pm backs vat exemption for animal feed

PM backs VAT exemption for animal feed

The Prime Minister is supporting the proposal of the Ministry of Finance to include animal feed in the list of products exempted from value added tax (VAT) payment.
airports to offer vat refunds to foreign travelers

Airports to offer VAT refunds to foreign travelers

Foreign tourists will receive value added tax (VAT) refunds on goods they purchase in Vietnam when leaving the country via  Noi Bai and Tan Son Nhat airports in Hanoi and Ho Chi Minh City.