industrial grade LG Vina asks Hanoi to tax DOP imports

  • industrial grade LG Vina asks Hanoi to tax DOP imports
  • industrial grade LG Vina asks Hanoi to tax DOP imports
  • industrial grade 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).
  • Are re-processed goods exempt from export tax in Vietnam?
  • If the re-processing entities located in non-tarif areas/ overseas, the imported goods or the semi-finished goods sent to re-processing would be exempted from export duty. However, the re-processed goods import back to Vietnam have to pay import tax as per prevailing regulation.
  • 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.
  • What is Value Added Tax (VAT) in Vietnam?
  • In Vietnam, Value Added Tax (VAT) is one of the main indirect taxes applied on goods and services. It is governed by the Vietnam VAT Law, which defines applicable rates, exempt products and registration procedures for businesses. Here are the important details regarding VAT in Vietnam:
  • What are the Customs requirements for imported pharmaceutical products in Vietnam?
  • For example, imported pharmaceuticals must undergo testing and include documents detailing product use, dosage, and expiration dates (written in Vietnamese), which must also be included in or on the product packaging. Currently, the Vietnam custom standards are set out under Law No. 54/2014/QH13.

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