- After 8 months of implementing VAT collection on low-value goods via express delivery, customs authorities recorded significant results, including increased state revenue, fairness, and fraud prevention.
- The new policy ended VAT exemption for low-value imported goods, generating 1,035 billion VND in VAT by September 15, 2025.
- The policy creates a level playing field for domestic businesses by removing unfair tax advantages for imported goods.
- It helps prevent tax evasion tactics such as splitting shipments to avoid taxes.
- The approach aligns with international practices, as many countries have also removed VAT exemptions for low-value imports, and Vietnam is upgrading its IT systems to facilitate transparent and efficient tax declaration and payment.
Source: baochinhphu.vn
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.
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