blue-check Regarding taxable value of imported software

Official letter No. 3530/TCHQ-TXNK dated July 13th, 2021 of the General Department of Vietnam Customs regarding value added tax (VAT) on, taxable value of, software
Posted: 15/7/2021 10:13:06 AM | Latest updated: 19/7/2021 3:56:36 PM (GMT+7) | LuatVietnam: 5249 | Vietlaw: 518

According to Clause 5 Article 1 of Circular No. 60/2019/TT-BTC, value of software controlling, operating imported machinery must be added to customs value.

However, according to Clause 5 Article 1 of Circular No. 60/2019/TT-BTC, the operating system imported for the purpose of upgrading or replacing operating system whose value was added to the value of imported machinery/equipment during the first importation shall not be added to customs value.

Accordingly, in case a company imports improved software to upgrade the default software previously installed in machinery, equipment, value of this upgrading software shall not be included in value for calculation of import duty.

Ms Phuong Thao (
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Published Vietlaw's Newsletter No. 518
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