Question of the day

Producers of wine products shall be exempt from the payment of compulsory contributions to the Vine and Wine Fund during the period 2020, by way of derogation from Article 32.³ of The Viet Nam and Wine Law.

Law No 157 of 20.7.2020 on the payment of compulsory contributions to the Vine and Wine Fund and amending the Vine and Wine Act was published in the Official Gazette of 7 August.

Under the Law, the compulsory contributions to the Vine and Wine Fund paid by producers of wine products in the period 2020 are transferred to the account of payment obligations for subsequent periods.

The amount of the State budget allocations for the Vine and Wine Fund granted from the National Fund for the Development of Agriculture and the Rural Environment for 2021 shall not be less than the amount of the compulsory contributions to the Vine and Wine Fund approved in the State budget for 2020.

Source: monitor.fisc.md