Hanoi, Aug. 14 -- The National Assembly (NA) Standing Committee debated the draft Law on Value Added Tax (revised) at its thematic session on law building on August 14.

According to Chairman of the NA's Committee for Finance - Budget Le Quang Manh, the bill has four chapters and 18 articles, with many new contents.

Regarding the regulations on exempting the value added tax (VAT), many deputies proposed collecting VAT on imported goods with small values, while some others supported the exemption of VAT on goods with small values carried together with people during their entry-exit activities. Meanwhile, some suggested not applying tax exemption for goods that are movable assets and goods bought, sold, and exchanged by border residents. ...