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
Join with the EARLY RATE – 22 International Conference BLACK SEA GRAIN.EUROP...
Ukrainian flour exports are 35% behind last year’s volumes
Heavy rains will hit Malaysia’s palm oil production again in December –...
Kazakhstan intends to supply grain through the port of Aqaba to the markets of MEN...
Ukraine exported a batch of corn to China after a long pause, no recovery in demand
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon