The government of Vietnam will not impose value added tax on 26 goods and services, the Nhan Dan (People) newspaper, a mouthpiece of Communist Vietnam said.
The Ministry of Finance has just issued a circular on guidelines for the move, the newspaper said.
The 26 goods and services will include farm produces, seafood and aquatic products, seeds and seedling, agricultural cultivation activities, iodine and mining salt, state-owned houses, non-life insurance, financial services, health, post, telecom and internet services in line with government programs, the paper said.
The circular also stated that imports of buffalo meat, beef, pork, sheep meat, fish, vegetable, cereals, will be exempted the VAT, but will be levied 5 per cent when sold in domestic market.
Diary products, alcohols, mineral water, cigar, several types of tea and coffee, wheat, vegetable oil and detergent will be charged with 10 per cent VAT, the circular noted.
Goods and services produced by foreign firms are subject to the decision, the paper said. (The People, Youth)
Vietnamese
