hot selling LG Vina asks Hanoi to tax DOP imports

  • hot selling LG Vina asks Hanoi to tax DOP imports
  • hot selling LG Vina asks Hanoi to tax DOP imports
  • hot selling LG Vina asks Hanoi to tax DOP imports
  • What taxes are applicable to imports into Vietnam?
  • The taxes applicable to imports into Vietnam include: Import Duty: This tax is levied on the value of imported goods. The tariff rate depends on the nature of the products and their country of origin. Value-Added Tax (VAT): In addition to import duties, VAT is applied to the value of imported goods.
  • What are the import tax regulations for used cars in Vietnam?
  • According to Decree 26/2023/NĐ-CP, the import tax regulations for used cars in Vietnam are as follows: - Used passenger cars of 09 seats or less with a cylinder capacity of not more than 1,000cc in commodity group 87.03, the absolute tax rate specified in Appendix III shall apply promulgated together with Decree 26/2023/NĐ-CP.
  • 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.
  • 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 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.

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