Vietnam agriculture ministry proposes VAT on fertiliser


The fertiliser prices have been recorded at VNĐ16-18 million per tonne, depending on the kinds of fertiliser. - vov.vn

HANOI (Vietnam News/Asia News Network): The Ministry of Agriculture and Rural Development (MARD) has proposed a value-added tax on fertiliser products to support domestic producers.

According to existing regulations, fertilisers are not imposed value-added tax (VAT). Therefore, fertiliser production enterprises do not have declaration, deduction and refund of VAT for input materials. That has made input costs high, causing selling prices to increase.

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Vietnam , fertiliser , ministry , VAT , proposal

   

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