Vietnamese customs authorities utilize the Transaction Value method as the primary assessment tool. Key Tax Components and Additional Fees When calculating the total cost of bringing goods into Vietnam, businesses must look beyond the basic import duty.
Vietnam Import Tax Compliance Requirements and Key Tax Components
Anti-Dumping Duties: If Vietnamese authorities determine that imported goods are being sold at prices lower than their normal value in the exporting country, additional anti-dumping taxes may be levied. Common Goods and Typical Rate Examples.
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.
Meeting Vietnam Import Tax Compliance Requirements for Businesses
These charges are applied sequentially, making accurate calculation critical for financial planning. Importers are generally required to pay three main types of taxes: import duty, value-added tax (VAT), and special consumption tax.
More About Import tax in vietnam
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