The subjects are entitled to exemption from import duty and other taxes (if any) for purchased, sold or exchanged goods valued at no more than VND 2,000,000 (two million)/person/day/time, for 4 times at most a month, for goods on the Ministry of Industry and Trade-promulgated list of goods allowed for purchase, sale and exchange by border inhabitants is the important content prescribed at the Decision No. 52/2015/QD-TTg dated October 20, 2015 of the Prime Minister on the management of border trade with neighboring countries.
Goods within the limit which are resold by border inhabitants rather than being used for their life and production shall be taxed in accordance with current law.
Also in accordance with this Decision, Vietnamese traders without direct foreign investment (below referred to as traders) may purchase and sell goods across borders. Foreign-invested traders, and foreign companies and their branches in Vietnam may only purchase and sell goods across borders in the cases prescribed by Vietnamese law or treaties to which the Socialist Republic of Vietnam is a contracting party.
This Decision takes effect on January 01, 2016.
Source: luatvietnam.vn
