- Proposed amendments to the Value Added Tax Law are causing concerns for exporting businesses
- Exporting businesses are worried about VAT on consumer services in non-customs areas
- The amendments may create difficulties for exporting businesses
- Concerns about reduced competitiveness
- The draft amendments to the VAT Law are being reviewed by the National Assembly
- The Ministry of Finance is seeking feedback on the amendments to address inconsistencies in the tax system
- One major concern is the removal of the 0% VAT rate for services provided to non-customs areas, potentially increasing export product costs
- This could reduce the competitiveness of Vietnamese exporting businesses compared to foreign competitors
- There is also a concern about inequality between exporting businesses and domestic businesses in terms of VAT refunds
- The challenges faced by exporting businesses were discussed at a recent business forum
- VAT on consumer services in non-customs areas could hinder production and investment for exporting businesses.
Source: baochinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
