Vietnam Announces Duty Exemptions for Coronavirus-Related Imports
Vietnam introduced tax exemptions for certain imports related to coronavirus prevention, according to a Feb. 20 report from CustomsNews, the mouthpiece for Vietnam Customs. The exemptions, announced this month, apply to companies importing raw materials to make virus-fighting goods, the…
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notice said, such as raw materials used to make medical masks. If companies import raw materials using the tax exemption but do not use the goods for purposes related to preventing the spread of the coronavirus, they must submit a new customs declaration and pay “all taxes” on the import, the notice said.