best price LG Vina asks Hanoi to tax DOP imports

  • best price LG Vina asks Hanoi to tax DOP imports
  • best price LG Vina asks Hanoi to tax DOP imports
  • best price LG Vina asks Hanoi to tax DOP imports
  • What taxes are imposed in Vietnam?
  • Vietnam imposes a tax on almost every type of product that is imported into the country, including import tax, value-added tax (VAT), and, for certain goods, special consumption tax (SCT). The import tax rates range depending on the type and origin of the goods.
  • How much tax does Vietnam impose on imported goods?
  • This means that the importer will have to pay $1,500 in customs duties for that specific commodity. In addition to customs duties, Vietnam imposes three other types of taxes on imported goods: Value Added Tax (VAT), Special Consumption Tax (SCT) and Environmental Protection Tax ( FTE).
  • How does VAT work in Vietnam?
  • As the standard rate of VAT in Vietnam is 10%, this tax will be added to the selling price of the products or services concerned. 4. Declaration and Periodic Payment: The VAT collected must be declared and paid periodically to the Vietnamese tax authorities.
  • Where can I find import tariffs in Vietnam?
  • Import tariffs can be found on the official portal of Vietnam Customs. Import duties declarations are required upon registration of customs declarations with the customs offices and must be paid before receipt of consumer goods. In contrast to imported goods to Vietnam, most goods and services being exported from Vietnam are exempt from tax.
  • How to calculate import tax in Vietnam?
  • In Vietnam, the following formula is used to calculate import tax duties: Import Tax Duties = Import tax + Value-Added Tax (if any) + Special Consumption Tax (if any) + Environmental Protection Tax (if any) Special Sales Tax and Environmental Protection Tax are applied to specific products in addition to import duties.
  • How do I import a product into Vietnam?
  • Consult the Vietnam Customs website or contact the Ministry of Industry and Trade to determine if your product requires a license. Obtain a business license: To import goods into Vietnam, you must have a registered business in Vietnam with a valid business license.

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