The Ministry of Finance (MOF) has resumed drafting a decree on the customs process for e-commerce items by releasing a brand new draft (“Draft Decree“) to manipulate varied points on cross-border e-commerce. These points embrace customs declarants, threat administration, knowledge processing, import allow exemption, import responsibility, customs valuation and the customs process.
The Draft Decree focuses on the next points:
- Customs procedures for items exported and imported by means of e-commerce transactions, together with items despatched by way of postal and categorical supply companies
- Inspection, specialised administration and tax insurance policies for items exported and imported by means of e-commerce transactions
- The digital customs knowledge processing system for items exported and imported by means of e-commerce transactions.
House owners of internet sites and functions offering e-commerce companies, transportation enterprises, customs brokerage brokers, bonded warehouse enterprise enterprises, postal and categorical supply service suppliers, credit score establishments, and different associated organizations and people will likely be required to adjust to this Draft Decree.
Items order of as much as VND 2 million (approx. USD 80) imported below this customs regime shall be entitled to exemption of bodily inspection and import responsibility (restricted to a complete worth of VND 96 million (approx. USD 3,900) per calendar 12 months per importer).
