- Film industry businesses propose reducing VAT from 5% to 3%
- They sent a document to the National Assembly and Government opposing the proposed increase to 10%
- Stakeholders believe the increase is unreasonable and detrimental to the industry’s development
- The film industry has been heavily affected by the COVID-19 pandemic and is still recovering
- Changes in consumer habits and purchasing power are also impacting film businesses
- Businesses suggest a VAT reduction to 3% for film services to help overcome financial burdens and support industry growth.
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.
