The declaration and payment of taxes for low value imported goods shall be carried out in accordance with the VAT Law and related legal documents.
The General Department of Customs stated that the move aims to help ensure harmony with international practices while maintaining consistency within the current legal tax framework.
This decision also aims to broaden the tax base and ensure fair competition between entities involved in goods trading, while preventing trade fraud and tax evasion for imported goods in general and low value imported goods in particular.
The total value of Vietnam’s imported goods worth less than 1 million VND via express delivery services in 2023 was estimated at 27.7 trillion VND (1.1 billion USD).
