Question: We would like to ask about the procedure for importing bicycles to Vietnam. What is the import tax on two-wheeled bicycles? Sincerely thank!

1. HS code for two-wheeled bicycles and bicycle import policy

HS code for bicycle (adult bicycle) can refer to 87120030, preferential import tax of 45%, VAT 10%.

If imported from China with CO form E, the import tax is 10%.

2. Customs documents and procedures for importing two-wheeled bicycles

100% new two-wheeled bicycles are not on the list of goods under specialized management or require a license, so the enterprise will carry out normal import procedures.

Enterprises pay attention to the declared value and label when carrying out procedures to import bicycles.

Custom dossiers for importing 2-wheel bicycles will be according to Clause 5, Article 1 of Circular 39/2018/TT-BTC (amendment to Article 16 of Circular 38/2015/TT-BTC).

The basic set of documents includes:

– Import customs declaration

– Commercial Invoice (commercial invoice)

– Bill of Lading/Air waybill

– C/O if any

- Other documents (if any)

VIETLINK has done import and transport procedures for many bicycle dealers in Vietnam.

If businesses have problems when carrying out procedures to import bicycles and other items, please contact VIETLINK as soon as possible for advice.

Hope to cooperate with customers.

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