News

VASEP adds information about the seafood processing process to solve problems for businesses that are subject to 'processed' tax like 'preliminary processing'.

Seafood
Vietnam
Published Sep 1, 2020

Tridge summary

The Vietnam Association of Seafood Exporters and Producers (VASEP) has just issued Official Letter No. 15 / CV-VASEP to the General Department of Taxation (Ministry of Finance) supplementing information on the process and technology of processing marine products. to solve problems in corporate income tax policies applicable to seafood processing activities.

Original content

This is VASEP's dispatch after the meeting between the General Department of Taxation and representatives of VASEP (on August 14) to remove difficulties for seafood businesses and resolve recommendations in the imposition of taxes on “institutionalized” seafood products. variable "and" preliminary processing ". In this dispatch, VASEP provides more information about the process and processing technology of different groups of seafood products with specific processing activities in accordance with the practice and specified in the Law on Food Safety. and Decision 27/2018 / QD-TTg so that the General Department of Taxation has more practical bases in processing seafood products for export. Specifically, for pangasius, Pangasius materials are farmed and supplied from strictly controlled ponds in most of the Mekong Delta provinces. Be brought to the pangasius processing factories in a state of live fish to ensure the quality and freshness according to the highest requirements of ...
Source: Vietnambiz
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