This Decision stipulates the value threshold for imported goods sent via express delivery services to be exempt from tax. Goods with a value of up to 1 million VND are exempt from tax, while those above 1 million VND must pay taxes as prescribed.
Scope of application
Citizens and businesses when sending imported goods via express delivery services.
Key points
- Imported goods sent via express delivery services with a value of up to 1,000,000 VND are exempt from import tax and value-added tax.
- Imported goods sent via express delivery services with a value exceeding 1,000,000 VND must pay import tax and value-added tax as prescribed by law.
- The Ministry of Finance has the authority to adjust the value threshold for goods within a range of 20%, and to submit to the Prime Minister for decision when adjustments exceed 20%.
🌐 Social impact of this document
- Positive impact: Reducing the tax burden on citizens and businesses, encouraging the use of express delivery services.
- Negative impact: It may increase the management costs of customs authorities due to the need to adjust the value threshold for goods.
❓ Frequently asked questions
What value threshold of goods is exempt from tax?
Imported goods sent via express delivery services with a value of up to 1,000,000 VND are exempt from import tax and value-added tax.
If the goods exceed 1 million VND, what should be done?
Imported goods sent via express delivery services with a value exceeding 1,000,000 VND must pay import tax and value-added tax as prescribed by law.
How can the Ministry of Finance adjust the value threshold for goods?
The Ministry of Finance has the authority to adjust the value threshold for goods within a range of 20%, and to submit to the Prime Minister for decision when adjustments exceed 20%.
When does this Decision take effect?
This Decision takes effect from February 1, 2011.
Who is responsible for implementing this Decision?
Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial People's Committees under central cities, and related organizations and individuals are responsible for implementing this Decision.
Full text
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PRIME MINISTER |
SOCIALIST REPUBLIC OF VIET NAM |
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NUMBER: 78/2010/QĐ-TTg |
HA NOI, November 30, 2010 |
Pursuant to …;
ON THE VALUE OF IMPORTED GOODS SENT THROUGH EXPRESS DELIVERY SERVICES TO BE EXEMPT FROM TAX
EXEMPTION FROM TAX FOR IMPORTED GOODS SENT THROUGH EXPRESS DELIVERY SERVICES
PRIME MINISTER
Pursuant to the Law on Organization of the Government dated December 25, 2001;
WHEREAS, the International Convention on the Harmonization and Simplification of Customs Formalities dated May 18, 1973, and the Decree amending and supplementing the International Convention on the Harmonization and Simplification of Customs Formalities dated June 26, 1999;
Pursuant to the Law on Ratification, Accession and Implementation of International Treaties dated June 14, 2005;
WHEREAS, the Law on Export Tax and Import Tax dated June 14, 2005;
Pursuant to Decree No. 87/2010/NĐ-CP dated August 13, 2010 of the Government detailing implementation of certain provisions of the Law on Export Tax, Import Tax;
Considering the proposal of the Minister of Finance,
DECISION:
Article 1. Imported goods sent through express delivery services with a value of up to VND 1,000,000 (one million dong) shall be exempt from import tax and value-added tax.
Imported goods sent through express delivery services with a value exceeding VND 1,000,000 (one million dong) must pay import tax and value-added tax in accordance with the provisions of the law.
Article 2. The Ministry of Finance is instructed to base on the actual situation during each period to decide to adjust within a range of 20% of the value of goods specified in Article 1 of this Decision for the implementation of the policy of administrative reform procedures and in line with international practices. In case of adjustment exceeding 20% of the value of goods specified in Article 1 of this Decision, the Ministry of Finance shall submit to the Prime Minister for decision.
Article 3. This Decision takes effect from February 1, 2011.
Article 4. Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, Chairpersons of provincial People's Committees under central cities, and relevant organizations and individuals are responsible for implementing this Decision./.
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Place of Receipt: |
PRIME MINISTER
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