US EditionTax exemptions for low-value goods may simplify customs procedures
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Tax exemptions for low-value goods may simplify customs procedures
In the draft decree on customs procedures for export and import goods via e-commerce, the Ministry of Finance (MoF) proposed that import orders worth VND1 million ($40) or less be exempt from import tax. Compared to current regulations, the value of goods eligible for exemption would be halved, down from $80. Each organisation or individual would only be entitled to this tax exemption for goods worth no more than $1,900 per year. The proposal se…
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