Customs Duties or Import duty and taxes will be pending and need to be cleared while importing goods into Vietnam Either by a private individual or a commercial entity.
The valuation method is CIF.
- The import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight and the cost of insurance.
Below is the Duty and Sales tax for Vietnam :
|Duty Rates||Average Duty Rate||Sales Tax(GST)||Threshold on goods|
VAT = ST * (CIF + Duty)
|No Duty if product value(excluding shipping and insurance) is less than or equal to 1,000,000 Dong|
- Sales tax is applied on the sum of the CIF value and duty and as there is no threshold it is applicable on all imports irrespective of import values.
Extra taxes and customs fees while importing
Below is the Special sales tax in Vietnam :
|Spirit/wine With ABV ≥ 20°||55|
|Spirit/wine With ABV < 20°||30|
|Petrol||7 to 10|
Please refer this for detailed information on other charges.