Topic: exemption

Figures from the Ministry of Finance show that as of the end of August, the amount of tax extensions totaled VND52 trillion ($2.2 billion), or 38.5 per cent of the plan. The amount of tax exemptions and reductions, meanwhile, is unprecedented, at nearly VND48 trillion ($2.03 billion).

On June 6, the US announced a 24-month import tax exemption for solar panels manufactured in Vietnam, Thailand, Cambodia, and Malaysia. The US Department of Commerce had suspected that solar panels of Chinese origin were being “disguised” as manufactured in the four Southeast Asian countries to evade US import taxes, so began an investigation.