Vietnam – Customs and Import duty tax calculation method


Customs Duties or Import dutyA tax charged on certain goods which are brought into a coun... More and taxes will be pending and need to be cleared while importing goods into Vietnam Either by a private individual or a commercial entity.

The valuation method is CIF.

  • The import dutyA tax charged on certain goods which are brought into a coun... More and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight and the cost of insurance.

Below is the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... More for Vietnam :

Duty Rates Average Duty Rate Sales Tax(GST) Threshold on goods
Varying range Varies ST=10%
VAT = ST * (CIF + Duty)
No Duty if productThe result of a manufacturing or natural process (such as fo... More value(excluding shipping and insurance) is less than or equal to 1,000,000 Dong

NOTE

  • Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... More is applied on the sum of the CIF value and duty and as there is no threshold it is applicable on all imports irrespective of import values.

 

Extra taxes and customs fees while importing

Below is the Special sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... More in Vietnam :

ProductThe result of a manufacturing or natural process (such as fo... More Rate
Cigar/cigarette 70
Spirit/wine With ABV ≥ 20° 55
Spirit/wine With ABV < 20° 30
Beer 55
Petrol 7 to 10
Playing cards 40
Golf 20
Lottery 15
Votive paper 70

Source: https://customsdutyfree.com/vietnam-customs-and-import-duty-tax-calculation-method/

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Vietnam – Customs and Import duty tax calculation method

Customs Duties or Import dutyA tax charged on certain goods which are brought into a coun... More and taxes will be pending and need to be cleared while importing goods into Vietnam Either by a private individual or a commercial entity....


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