General information about Import & Export Tax
Object of taxation
- Except for merchandises are not objected of import & export taxation, these merchandises below are the object of taxation:
+ Cargo and goods are imported, exported through Vietnamese border.
+ Domestic goods are brought into non-tariff barrier and goods from non-tariff into domestic market.
Non-object of taxation
Merchandise in these specific cases are not a object of taxation:
+ Goods are transited through Vietnamese border, goods in transit by Vietnamese government regulations.
+ Aiding goods and grant aid goods
+ Goods from non-tariff barrier to other country, goods are imported into non-tariff area and use only in this area, goods are used from non-tariff area to another non-tariff area.
+ Goods when export are oil and gas relating to natural resources consumption tax.
Tax Payment Applicant
Organizations and individuals that have import or export goods being tax-liable objects this Law are payers of import tax or export tax.
The bases for calculating import tax and export tax are the unit quantity of each actually imported or exported goods item, recorded in the customs declarations, tax calculation prices, and tax rates in percentage (%); for goods items subject to absolute tax, the tax calculation bases are the unit volume of each actually imported or exported goods item inscribed in the customs declarations, and the absolute tax rate provided for a goods unit.
Tax Calculation Method
- Import, Export Payable Tax amount must be equal with the unit quantity of each actual import, export goods inscribed in the customs declarations with taxable price and tax rate of each goods inscribe in the Tariff at the time of tax calculation;
- For goods subject to absolute tax, the import, export payable tax amount must be equal to the unit quantity of each actually imported or exported goods item inscribed in the customs declarations multiplied by the absolute tax rate provided for a goods unit at the time of tax calculation.
Tax Pay Currency is Vietnam Dong, in case tax is allowed to pay by foreign currency then tax payer must pay by free convertible currency.
Taxable price for export merchandises is the price sell at the border gate record in the contract.
For import merchandise, the tax calculation prices are the actually paid prices at the first importing border-gate under contracts, in conformity with international commitments.The exchange rates between Vietnam dong and foreign currencies used for determination of tax calculation prices are the exchange rates announced by the State Bank of Vietnam at the time of tax calculation.
Tax rate
- Tax rates for export merchandises are specified for each item in the Export Tariff.
- Tax rates for import merchandises include preferential tax rates, special preferential tax rates and ordinary tax rates:
+ The preferential tax rates apply to import goods originating from countries, groups of countries or territories, which apply the most favored nation treatment in their trade relations with Vietnam;
+ The special preferential tax rates apply to import goods originating from countries, groups of countries or territories, which apply special preferences on import tax to Vietnam;
+ The ordinary tax rates apply to import goods originating from countries, groups of countries or territories, which do not apply the most favored nation treatment or special preferences on import tax to Vietnam. The ordinary tax rates shall not be 70% higher than the preferential tax rates of the same goods items specified by the Government.