VIR to host talk show on tax amendments to promote business activities

June 13, 2024 | 10:36

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A talk show themed “Tax Amendments to Promote Business Activities” will be held by VIR on June 14 to provide insights into amended tax regulations.

VIR to host talk show on tax amendments to promote business activities

Among the tax amendments in 2024, the draft amended Value Added Tax (VAT) Law will be submitted to the National Assembly (NA) for comments at the ongoing seventh session. The law is scheduled to be approved at the eighth session in October.

Special attention will be paid to one amendment in the draft law, as fertilisers, machinery, and special-use equipment for agricultural production will be subject to VAT at a rate of 5 per cent instead of the current zero per cent.

As this change will have a widespread impact on the agricultural industry and millions of farmers, the amended law is expected to be a hot topic of debate at the NA forum.

To update market insights, VIR will organise a talk show titled “Tax Amendments to Promote Business Activities” to provide a forum to discuss the practical ground and policy purposes of completing the above content of the draft amended VAT Law.

The talk show will see the participation of industry experts, business representatives, and business associations to provide insights into this issue.

Taking place on June 14, it will be livestreamed on VIR’s platforms, including baodautu.vn, tinnhanhchungkhoan.vn, and its fanpage. At the same time, in-depth articles will be published by VIR in both print and online channels.

The talk show is in partnership with Vietnam Oil and Gas Group (PetroVietnam), Vietnam National Chemical Group (Vinachem), and Petrovietnam Ca Mau Fertiliser JSC.

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By Vy Bui

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