- Removal of 0% VAT for export products and services may increase production costs
- Concerns raised by businesses about draft VAT law discussed in National Assembly
- Costs for businesses could go up by as much as 6%
- Delays in tax refunds have affected financial performance and cash flow
- Additional input VAT could reach tens of millions of USD per year for medium-sized export manufacturing companies
- Economists suggest careful consideration and gradual implementation to avoid negative responses from investors.
Source: vietnamnews.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.
