Hanoi: The National Assembly on December 9 discussed in plenary a draft law on amendments and supplementations to some articles of the Law on Value-Added Tax (VAT), with a strong focus on clearing bottlenecks in tax refund procedures and refining tax policies for agricultural products and by-products. Deputies said delayed VAT refunds remain a major obstacle for businesses, calling for stronger technical tools and a clearer legal framework to both support production and safeguard the state budget.

According to Vietnam News Agency, the discussion centered on the need to streamline tax refund processes, which have been identified as a significant impediment for businesses. Lawmakers emphasized the importance of establishing a more efficient legal framework to address these delays, ensuring businesses can continue their operations smoothly while maintaining fiscal responsibility.

The amendments also aim to enhance tax policies related to agricultural products and by-products, which are crucial sectors in the economy. Legislators are considering measures to ensure that these sectors receive adequate support through refined tax policies, which would facilitate growth and stability in the agricultural industry.

The National Assembly’s deliberations reflect an ongoing effort to balance the needs of businesses with the requirements of the state budget, highlighting the importance of a robust and adaptable VAT system.