- The Vietnamese Government issued Decision No. 01/2025/QD-TTg on January 3
- This decision abolishes the previous Decision No. 78/2010/QD-TTg from November 30, 2010
- The abolished decision exempted imported goods valued at 1 million Vietnamese dong or less from import tax and VAT when sent via express delivery
- The recent decision was made because improvements in customs efficiencies for cross-border e-commerce made the exemption unnecessary
- It was also noted that the exemption led to unfair competition against domestically produced goods
- The new decision will take effect on February 18
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
