Proposal to exempt tax on goods under 1 million imported via e-commerce

In the latest draft Decree regulating customs management of exported and imported goods transacted via e-commerce, the Ministry of Finance proposes that imported goods transacted via e-commerce with a value per order of 1 million VND or less are exempt from import tax.

At the same time, each organization or individual purchasing goods is only entitled to tax exemption for imported goods of no more than 48 million VND/year.

The Ministry of Finance has abandoned the proposal to exempt tax on imported goods on e-commerce under 1 million VND.

The Ministry of Finance also removed the regulation on tax exemption for imported goods with a value of over 2 million VND per order but the total amount of import tax payable is less than 200,000 VND.

Based on a review of international practices, current laws and experiences of several countries, the Ministry of Finance found that if tax exemption regulations are applied to goods with an import tax payable of less than VND 200,000, customs declarants must declare information to calculate the tax amount such as HS code, tax rate, tax schedule... and customs authorities must have measures to check this information.

According to the Ministry of Finance, the above provisions on tax exemption levels aim to ensure convenience for customs declarants and customs authorities in monitoring and implementing customs procedures.

Previously, according to the provisions of the draft decree submitted to the Government, the subjects exempted from import tax are imported goods with a value per order of 2 million VND or less; imported goods with a value per order of over 2 million VND with tax payable under 200,000 VND. In particular, each organization or individual purchasing goods is only entitled to tax exemption standards for imported goods not exceeding 96 million VND/year.

For imported goods under 1 million VND sent via express delivery service, the Customs Department - Ministry of Finance said that from February 18, they will not be exempted from value added tax (VAT). The declaration and payment of VAT for low-value imported goods are carried out in accordance with the provisions of the Law on VAT and related legal documents.

According to the Customs Department, when this regulation changes, many orders will have to be taxed, creating a large amount of work to be processed, while Vietnam's automatic customs clearance system (VNACCS) does not yet have the feature to calculate taxes on low-value goods.

In the immediate future, low-value goods imported by air and sea will be declared via the Remote Customs Declaration System. Goods imported by road, rail, and express delivery companies will declare on paper according to the customs tax declaration instructions.

The Customs Department has negotiated with contractors to add functions of receiving and calculating taxes on low-value export and import declarations.

tienphong.vn

Source: https://baolaocai.vn/de-xuat-mien-thue-hang-duoi-1-trieu-nhap-qua-thuong-mai-dien-tu-post399480.html