low price LG Vina asks Hanoi to tax DOP imports

  • low price LG Vina asks Hanoi to tax DOP imports
  • low price LG Vina asks Hanoi to tax DOP imports
  • low 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.
  • Are imported goods taxed in Vietnam?
  • In contrast to imported goods to Vietnam, most goods and services being exported from Vietnam are exempt from tax. Export duties (ranging from zero percent to 45 percent and computed on free-on-board (FOB) price) are only charged on a few items, mainly natural resources, such as minerals, forest products, and scrap metal.
  • Why did Hanoi cut the gasoline tax?
  • The latest tax cut signals the government's strong focus on protecting consumer spending power and curbing rising inflation, after Hanoi had already cut the tax on gasoline from Dong 4,000/l to Dong 2,000/l in April, a distribution and sales manager at state-run Petrolimex said.
  • 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 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.
  • What will happen if Vietnam's 0% VAT proposal is accepted?
  • If the Vietnam Federation of Commerce and Industry’s proposed draft is accepted, some industries will lose the 0% tax incentive. For instance, industries tied to software and IT will no longer benefit from the 0% VAT incentive when entering into agreements with foreign companies.

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