Tax on coal, board falls by 50%

Workers make particle boards in the central province of Binh Dinh

The Government has cut value-added tax on coal, coal briquettes, and other solid fuels made from coal, particle board, oriented strand board (OSB), and others by 50 percent.

It came into effect February 1 and will be applicable for this year.

The Government said tax cuts on goods and services are aimed at stimulating investment and consumption to ward of the recession.

By N.Quang – Translated by H.Mien

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