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Facebook ads in Vietnam will be subject to a 5 percent value added tax (VAT) beginning from June 1.

The Ministry of Agriculture and Rural Development (MARD) has proposed a value-added tax on fertiliser products to support domestic producers.

The Vietnam Cassava Association has proposed the Government does not implement a recent decision on value-added tax (VAT) refunds for cassava starch products as it will create difficulties for the cassava industry.

The Vietnam Chamber of Commerce and Industry (VCCI) recently sent an official dispatch to the Ministry of Finance, suggesting changes to tax policies to support sectors hit by the COVID-19 pandemic.

Vietnam’s Government slashed the value-added tax (VAT) rate from 10 to 8 percent earlier this month – a move that cost the State budget 49.4 trillion VND (2.2 billion USD) but, along with other support, is expected to help boost the pandemic-hit economy.

The escalating oil and gas prices would reduce and even neutralise the effect of the 2-percent VAT cut which was intended to stimulate consumption, stir growth and reduce inflation pressure, thus resulting in failure to achieve the growth target, losses to the budget and rising inflation, according to Nguyen Bich Lam, former Director General of the General Statistics Office (GSO).

The reduction of value-added tax (VAT) from 10 percent to 8 percent will help stimulate various sectors in the economy.

The Indonesian government has decided to extend the maximum value added tax (VAT) discount of 50 percent for housing from January 1 to September 30, 2022.

The value added tax (VAT) will be reduced by 2 percentage points to 8 percent starting this February as part of measures helping taxpayers tackle difficulties.

Following the passing of a 350 trillion VND (approximately 15 billion USD) economic recovery package, the Government is considering the implementation of a cut to VAT.

The Cabinet of Thailand has given green light to 7 percent VAT for another two years in a bid to lessen the financial burden businesses and consumers affected the COVID-19 pandemic.

The Government is to roll out a 118 trillion VND (5.2 billion USD) COVID-19 relief package by the end of the year, said deputy minister of finance Nguyen Duc Chi during a government meeting on August 11.

Around 20 large overseas online platform operators plan to register as value-added tax (VAT) payers in Thailand, according to Ekniti Nitithanprapas, director-general of the Revenue Department of Thailand.

The General Department of Taxation under the Ministry of Finance (MoF) is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses.

ndonesia has added eight more foreign digital companies to a list of businesses that must pay a 10 percent value-added tax (VAT) on sales.

Indonesia began to impose a 10-percent value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on July 7 in the context of the COVID-19 pandemic affecting the country’s state finances.

Technology giant Google in Indonesia has announced that it is ready to charge 10 percent of value added tax (VAT) on customers if required by the host country’s government.

Tax Law No 71/2014/QH13, which treats fertiliser as a VAT-free item, has become a double-edged sword as after five years of implementation it has not reduced domestic fertiliser prices but instead hindered production and investment in the sector.

The Ministry of Finance will consider a value-added tax (VAT) rate of 5 percent on fertiliser products which are now free of VAT in response to domestic producers’ claim that the zero VAT policy made it harder for them to compete.

Thailand’s Ministry of Finance has said the newly approved value-added tax (VAT) law on foreign e-commerce platforms in the country will rake in about 3 billion baht (97 million USD) revenue into the government's coffer.