Millions of packages of small, low-value items that are crossing the border into Vietnam daily should be subjected to VAT, special consumption and environmental taxes, according to industry experts and domestic e-commerce sellers. During a recent meeting of the National Assembly Standing Committee in Hanoi, Le Quang Manh, Chairman of the NA’s finance and budget committee, proposed the Government to consider removing the current tax exemptions on imported goods with low value. According to the chairman, in the past the number of small, low-value items was not as significant to warrant a tax. However, with the explosion of cross-border e-commerce in recent years, both their volume and value have increased manifold.
Source: Vietnam News Agency