The National Assembly’s Finance and Budget Committee supports the removal of the value added tax waiver for low-value goods equal to or less than VNĐ1 million (US$39.30) imported via e-commerce platforms such as Shopee, Lazada and TikTok.
Given that input VAT credits can amount to between 1.0 to 8.0 per cent of product prices, the "free launch" has tilted the playing field significantly in favor of foreign producers.
