If this value cannot be determined, customs officials will apply alternative methods, such as the Transaction Value of Identical Goods or Computed Value. Registration and Compliance Requirements To legally import goods into Vietnam, a company must obtain a license or registration from the Ministry of Planning and Investment (MPI).
Import Tax Vietnam Total Cost Calculation: Understanding the Full Financial Picture
Furthermore, entities involved in customs clearance must be registered with the Vietnam Customs Department. Vietnamese customs authorities utilize the Transaction Value method as the primary assessment tool.
Rates vary widely depending on the product category, typically ranging from 0% to 70%. Importers are generally required to pay three main types of taxes: import duty, value-added tax (VAT), and special consumption tax.
Import Tax Vietnam Total Cost Calculation: Key Components and Rates
This system applies to a wide range of goods, from basic commodities to high-tech machinery. This digital system requires detailed information about the shipment, including product codes, quantities, values, and the intended use of the goods.
More About Import tax in vietnam
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