I was wondering if anyone has experience with importing goods such as electronic equipment on a temporary basis to use for business and then return to origin. I've read that with the proper forms you can bring things in for 30 days or so and that you can also apply for VAT refund when shipped back out. Only thing is it seems nearly impossible to get the correct forms along with the approval needed.
Currently I pay VAT coming into Vietnam for the goods and then the originator pays VAT when it is returned. Sometimes customs also causes issues on both ends saying the equipment is used and it can be a major headache to resolve.
Temporary import of products for business use
seanmcneil3
06 December 2014 05:30:43
4
l3ully
06 December 2014 06:03:19
830
As far I can remember, there "WAS" something like this and has just changed recently or is about to change as it was somehow abused. it was was in one of the Vietnamese English version online news papers, maybe 1-2 month ago.
Jaitch
06 December 2014 10:35:01
0
The process is alive and well - otherwise you wouldn't see all the advanced food manufacturing displays down at the SaiGon Conference Centre.
First of all you need a Customs Agent who speaks Vietnamese and English.
Every morning there are hundreds of agents filing their papers at the Customs House on the corner of HAM NGHI @ TON DUC THANG (Smartphone?: GPS 10.770855, 106.706172), Quan 1, TP HCM.
I suggest you make a sign, on a laser printer, that says in English: NEED A CUSTOMS BROKER. Stand by the gate on Ham Nghi Street. You shouldn't have to wait long.
Don't forget to have the shipper devalue the price of imported goods and put notices on the shipping documents DEMONSTRATOR MODEL - NOT FOR SALE.
Subscribe to this topic
Articles to help you in your expat project in Ho Chi Minh City
The tax system in Vietnam
Before you move to Vietnam, it is prudent to get up to speed on local tax laws. As with any country, this is ...
Working In Vietnam & Tax Liabilities
If you are working in Vietnam for either a local or foreign business you officially face significant tax ...
Personal Income Tax in Vietnam
Individuals who reside or expect to reside in Vietnam for 183 days or more in a given tax year, are treated as ...
Dating In Vietnam
If you're considering moving to Hanoi, or Ho Chi Minh City, the dating scene may be of interest to you ...
Making phone calls in Vietnam
The telecommunications sector in Vietnam has flourished throughout the past two decades. Like many foreigners ...
Moving to Vietnam with your pet
If you are planning to move to Vietnam with a pet, there are a number of formalities that have to be completed ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"