Vietnam waives tax exemptions on soybean meal imports
Vietnam’s Ministry of Finance (MOF) said it should either maintain the current tax rate on soybean meal imports at 2% or reduce it to 1% rather than 0% as previously proposed by the Ministry of Agriculture.
The Ministry of Finance explained that the 2% tax rate is already below the WTO commitment ceiling of 5%.
In addition, adjusting the tax rate could lead to a decrease in demand for domestic products and increased dependence on imported sources.
Currently, domestic production is able to meet 35% of demand.
Read also
BLACK SEA OIL TRADE: Straight Talk on the 2024/25 Season and 2025/26 Projections
EU and Ukraine have reached an agreement on the renewal of the free trade agreemen...
Analysts forecast an increase in the global wheat harvest in 2025/26. This will cu...
Romania, following Moldova, continued licensing the import of agricultural product...
Rains in Brazil cause problems with corn harvest
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon