The PM has signed a Decision regulating the quota of luggage and movable assets, presents and specimens to be exempted from tariffs.
The PM has signed a Decision regulating the quota of luggage and movable assets, presents and specimens to be exempted from tariffs.
Accordingly, luggage exempted from excise duty and value added tax include 1.5 liters of wine from 22%, 2 liters of wine below 22% and 3 liters of alcohol and beer.
Those who bring with them fewer than 200 cigarettes, 100 cigars or 500 gram of tobacco do not have to pay import tax, excise duty and value added tax.
The limitations are not applied for those below 18 years old.
The amount and types of brought personal belongings should be consistent with the trip’s purpose.
The value of other luggage, which is not in prohibited or limited import list, should not exceed VND10 million (US$460).
The exemption is applied for regular visitors, as regulated in Part 5, Article 58, Resolution No.08/2015/ND-CP, once every 90 days.
Exempted movable assets of individuals, organizations or Vietnamese citizens returning the country after their abroad business trips should be one set or one piece for each type of movable asset.
One used motorcycle and automobile brought into the country with Vietnamese citizens living abroad is merely exempted from import tax.
Vietnamese intellectuals, experts and skilled workers living abroad and returning to the country to work over one year at the State’s invitation can bring with them one automobile to use during the stay without paying import tax, excise duty and value added tax.
The automobile should respond to regulated technical requirements to be imported and be re-exported after the stay. If the vehicle is transferred to other individuals or organizations in Viet Nam, required imported taxes on used vehicles will be applied.
(Source:VGP)
