15% or 20% tax: Seafood processing Enterprises are confused and waiting to be resolved
Recently, VASEP has received feedback from some businesses on the fact that local tax authorities do not uniformly apply corporate income tax (CIT) rates for processed seafood products. Some localities apply 15%, but others charge 20%. This year, when the world seafood market is facing many difficulties, many businesses do not reach the planned growth rate, the application of 20% for seafood products which are essentially processed goods will greatly affect to the business.
Pangasius exports to Russia decreased by 30.9%
In the first seven months of 2019, total white meat fish imports of Russian still increased, by 12.43% over the same period last year. In particular, imports of cod and pollock still grew well; The import of frozen pangasius fillet (HS code 0304) increased slightly by 3%, while that of frozen whole pangasius (HS code 0303) decreased sharply by more than 29%.