Border residents enjoy import tariff exemptions

16:42 | 21/10/2015 Trade

The PM has issued a Decision on the management of cross-border trading activities with Viet Nam’s bordering countries.

Border residents enjoy import tariff exemptions

Illustration photo

These activities include businessmen’ trans-border trading activities, border residents’ goods trading, goods trading at border gates and markets at border gates and trade support service at border gates.

Residents in border areas will be given exemptions from import tariffs and other taxes when purchasing, selling and exchanging goods valued at the maximum of VND2 million per person in a day for four days a month.

Vietnamese traders who do not have foreign-invested capital are allowed to trade across borders.

Foreign-invested traders, companies and subsidiaries of foreign businesses in Viet Nam are allowed to buy and sell goods across borders under the circumstances specified in Vietnamese laws or international treaties where Viet Nam is a member.

Traders who buy and sell goods across borders must fulfill tax obligations and are entitled to incentives in line with existing legal regulations and international treaties./.

Source: VGP