7 Powerful Impacts of Abolishing Tax Exemptions in Vietnam for Imports Under 1 Million VND

On February 18, 2025, Vietnam will implement a significant change in its tax policy by abolishing import tax and VAT exemptions for goods valued under 1 million VND. This decision marked a turning point for Vietnam’s economy, particularly impacting the cross-border trade and e-commerce industries.   The move aims to boost domestic production and create a more equitable tax environment, but it has also introduced several challenges. In here, we will explore the 7 powerful impacts of abolishing tax exemptions in Vietnam, its effect on busines…