question about import duty

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Member since 18 July 2013

paddyflynnNew member18 July 2013 04:22:03

I understand that imports worth less than 1,000,000 dong are exempt from the 20% import duty (but still have to pay 10% VAT).

If I import 1000 pair of socks, and each pair is worth 10,000 dong. Am i exempt from the duty because the value of each item I am importing is less than 1,000,000, or do I have to pay it because the total value of the shipment is over 1,000,000?

lylyly Contributor

Member since 09 July 2013

lylylyContributor18 July 2013 05:21:17

130

thay is tax of vietnam all

karen ViP

Member since 21 June 2013

karenViP18 July 2013 10:32:32

4030

Hello paddyflynn.

Welcome to Expat.com

Hope that the other members will advise you soon.

Thanks

Karen

Wild_1 ViP

Member since 21 July 2011

Wild_1ViP18 July 2013 16:32:08

1881

I am not too sure about the 1-million-Dong threshold you are talking about. But, if that is valid and my math is correct, your socks will and should be subject to import duties. They are 10 times over the limit... Yeah?

chinhngo Active member

Member since 01 July 2012

chinhngoActive member19 July 2013 05:03:33

The import tax will be caculate as below:
- You have to apply the correct HS code for your product, base on the HS , they will calculate how many percent should you pay, you can search the HS code at http://www. customs.gov.vn/Lists/BieuThue2012/TraCuu.aspx. After that, the formula:
Import tax = (unit price + Freight + Insurance (if any))* %
VAT TAX = (unit price + import Tax) % 10%.
Hope it is helpfull for you

Linh NG Active member

Member since 19 June 2012

Linh NGActive member19 July 2013 14:46:51

You don't have to pay Import tax for cargo of which total amount is below VND 1,000,000 & it will be considered as non-commercial goods.

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