Cases that are exempt from import and export tax

Import and export duty exemption is the non-application of tax obligations to taxable products under the conditions prescribed by law.

How is import and export tax in Vietnam calculated?
For goods subject to import and export tax as a percentage:
Import tax payable = Import tax calculation value x Import tax rate
In there:
Import tax calculation value = Cost of goods + international freight according to delivery conditions + additional amounts/costs incurred until the port of entry.
Import tax rate: depending on the HS code to find out the tax rate, or goods with preferential C/O will apply the tax rate of goods with C/O.
For Goods, import and export tax is applied at the absolute tax rate
Import tax = Actual quantity of goods imported x Absolute tax rate per unit of goods
Calculate excise tax
Special consumption tax = Taxable value of excise tax x Tax rate
In there:
Value for calculation of special consumption tax = (Import tax + Import taxable value) x tax rate
Calculate anti-dumping tax
Anti-dumping tax = Taxable value of anti-dumping tax x Anti-dumping tax rate
In there:
Taxable value of anti-dumping tax = dutiable value + import tax + special consumption tax
Calculating environmental protection tax
Environmental protection tax = Taxable value x Environmental protection tax = Quantity of goods x Absolute tax rate
How to calculate VAT on import and export goods?
VAT on imported goods = (Value for calculating import tax + import tax (if any) + special consumption tax (if any) + environmental protection tax (if any) ) x value-added tax rate
In there:
Import tax calculation value = Cost of goods + international freight according to delivery conditions + amounts to be added.
Value-added tax (VAT) rate: depending on the HS code to find out the tax rate specified for the item according to the tax schedule prescribed by the state
Cases that are exempt from import and export tax
Some cases of import and export tax exemption in Vietnam are:
Goods imported and exported by foreign individuals and organizations that enjoy privileges or immunities. Or goods in the tax-free baggage allowance of people on entry or exit for sale at duty-free shops.
Gifts and gifts within the norms of foreign individuals and organizations for Vietnamese individuals and organizations or vice versa.
Goods are exempt from export tax and import tax under international treaties to which the Socialist Republic of Vietnam is a signatory.
Samples of goods exchanged across the border by border residents are on the list of goods and within the norm for consumption and production by border residents.
Goods with a value or amount of tax payable below the minimum.
Raw materials and electronic components are imported for processing export products, or imported products are attached to processed products for export.
Goods imported to serve oil and gas activities are also exempt from import and export tax in Vietnam
Raw materials, supplies and components imported into the country that cannot be produced in the country of an investment project for the production and assembly of medical equipment that are prioritized for research and manufacture are exempt from import tax for a period of 5 years from the date of commencement of production.
Projects on the list of industries eligible for incentives according to the provisions of the law on investment are exempt from tax such as: Goods imported to create fixed assets of shipbuilders; Imported goods are machinery, equipment…
All kinds of equipment, raw materials, machinery and spare parts imported for printing and minting activities.
Imported goods are raw materials, supplies and components that cannot be produced at home and directly serve the production of information technology products, digital content and software.
Goods imported and exported to protect the environment are also exempt from import and export tax
Specialized imported goods that cannot be produced domestically and are directly served for education.
Goods such as machinery, equipment, spare parts, supplies that cannot yet be produced, documents, specialized scientific books and newspapers directly used for scientific research, technology development, development of technology incubation activities.
Specialized imported goods directly serving security and national defense, of which special-use means of transport must be those that cannot be produced domestically.
Goods exported or imported to serve the purpose of ensuring social security, overcoming consequences of natural disasters, disasters, epidemics and other special cases….
The above are cases of import and export tax exemption in Vietnam, hoping to be a useful resource to help readers gain more knowledge in the field of import and export of goods.