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Risks at the fore in global wood trade
08:00 | 28/04/2021
Many timber enterprises are facing difficulties as the General Department of Taxation is implementing a series of measures to tighten the management of VAT refunds. Meanwhile, the sector is already coping with accusations of tax evasion and anti-dumping measures in some importing markets.
The wood industry has to take into account developments in US-China trade as well as South Korean anti-dumping probes. Photo: Le Toan
“The Ministry of Agriculture and Rural Development has received documents from the General Department of Taxation (GDT) on tax refunds for timber enterprises,” Deputy Minister of Agriculture and Rural Development Ha Cong Tuan told VIR, adding that the ministry will focus on controlling several companies showing signs of possible violations, including Junma Phu Tho Co., Ltd. and Dai Ngan Co., Ltd. in the northern port city of Haiphong. ....

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