The Ministry of Finance (MOF) has resumed drafting a decree on the customs procedure for e-commerce goods by releasing a new draft (“Draft Decree“) to govern various issues on cross-border e-commerce. These issues include customs declarants, risk management, data processing, import permit exemption, import duty, customs valuation and the customs procedure.
The Draft Decree focuses on the following issues:
- Customs procedures for goods exported and imported through e-commerce transactions, including goods sent via postal and express delivery services
- Inspection, specialized management and tax policies for goods exported and imported through e-commerce transactions
- The electronic customs data processing system for goods exported and imported through e-commerce transactions.
Owners of websites and applications providing e-commerce services, transportation enterprises, customs brokerage agents, bonded warehouse business enterprises, postal and express delivery service providers, credit institutions, and other related organizations and individuals will be required to comply with this Draft Decree.
Goods order of up to VND 2 million (approx. USD 80) imported under this customs regime shall be entitled to exemption of physical inspection and import duty (limited to a total value of VND 96 million (approx. USD 3,900) per calendar year per importer).
