Logistics Consultancy

SOFTWARE SOLD TO VIETNAM, WHAT IS THE IMPORT PROCEDURE ?

QUESTION:

We are going to export software to Vietnam (software for spectrometer) that is recorded in CDs. Software value is
USD 57,690 and the CD value is USD 8 / piece. Please assist for import procedure and compliance

1/ Do we need any import permit?

2/ Applicable H.S code for software and CD

3/ What is the taxable amount ? Do we need to separate software value and the CD value on the invoice?




ANSWER:

1/ Import permit is not required for software in Vietnam

2/ H.S code:

There is no H.S code for software then declared H.S code will be filed by the H.S of devices that contain the
software (CDs, USB, hard disk...). The CD can be classified as 8523.49.14

3/ According to current Vietnam tax regulation, software is exempt from import duties and VAT, then only the CD
that contain the software is under duties & VAT.

It’s highly recommended that software value and CD value are separately shown on the invoice for easy handling.

In Vietnam, applicable duties for HS code 8523.49.14 is 0% and VAT is 10%

#software #vietnamimportcompliance