Cancelation of Express Shipping Taxes to Begin October
Aug. 20 – Following Government Decree 87/2010/ND-CP, Vietnam will exempt export and import express packages from tax beginning October 1.
The decree will also waive tax on imported raw materials or appliances for specific investment sectors or those not made in the country five years after production date.
However, tax will remain in place for automobile assembly parts and household appliances including air-conditioners, electric heaters, refrigerators, washing machines, electric fans, hair dryers and irons.
The tax exemption on imported materials used to produce export goods or going to tariff-free zones will be computed when the finished product is exported. Products using all imported materials will not be taxed, reports VOV News.