Value Added Tax

Agricultural expert Hoang Trong Thuy said that imposing VAT on fertilizers requires state regulation. Photo: Anh Huy.

State regulation is needed if 5% VAT is applied to fertilizers

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Regarding the imposition of VAT on fertilizers, some experts say that if implemented, certain conditions must be met and the government must commit to price stabilization.

Delegate Bui Hoai Son said that in reality, there are dozens of movies that are making net losses. Photo: Pham Thang

Can't look at a few hundred billion movies and think cinema is bright

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National Assembly delegates wish to create conditions related to value added tax for literary, cinematic and artistic products.

Deputy Prime Minister of the Government, Minister of Finance Ho Duc Phoc explained and clarified a number of issues related to the amended Law on VAT. Photo: Pham Thang

Small value imported goods will all be subject to VAT

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The Government's Deputy Prime Minister said that the regulation on VAT exemption for small-value imported goods will be removed.

The application of 5% VAT is for the benefit of the people, not that the price of fertilizer will increase by 5%. Photo: PVN

It is necessary to bring fertilizer back under the 5% VAT tax

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The Chairman of the Finance and Budget Committee said he agreed with the Government's draft law, changing fertilizers from non-taxable to subject to a 5% tax rate.