Vietnam commerce body urges e-commerce tax reform
The Vietnam Chamber of Commerce and Industry (VCCI) submitted feedback to the Ministry of Finance yesterday, urging a revision to a draft decree regulating customs procedures for cross-border e-commerce. VCCI argued that the current tax exemption for imported goods valued at 1 million Vietnamese dong ($39) or less is no longer appropriate and called for a comprehensive import tax policy. Previously, Vietnam allowed duty- and VAT-free entry for goods below that threshold to boost trade. However, the policy was tightened earlier this year. Since February 18, VAT exemptions for items under 1 million Vietnamese dong sent via courier have been removed. Despite this, the Ministry of Finance’s latest draft still proposes exempting these low-value items from import duties.