Conditions for the Application of ACFTA Tax Rates

Le Hai

14:26, 11/07/2024

the Government of Vietnam has just issued Decree 153/2017/ND-CP on the special preferential import tariff schedule of Vietnam to implement the ASEAN-China Trade in Goods Agreement for the period 2018-2022.

For imported goods to be eligible for ACFTA tax rates, the following conditions must be met:

- They must be listed in the Special Preferential Import Tariff Schedule issued with Decree 153/2017/ND-CP;- They must be imported from member countries of the ASEAN - China Trade in Goods Agreement, including the following countries:- Brunei Darussalam, code BN;- Kingdom of Cambodia, code KH;- Republic of Indonesia, code ID;- Lao People's Democratic Republic, code LA;- Malaysia, code MY;- Republic of the Union of Myanmar, code MM;- Republic of the Philippines, code PH;- Republic of Singapore, code SG;- Kingdom of Thailand, code TH;- People's Republic of China, code CN;- Socialist Republic of Vietnam (Goods imported from the free trade area into the domestic market), code VN.- They must be transported directly from the exporting country according to clause 2, Article 4, Decree 153/2017/ND-CP into Vietnam as stipulated by the Ministry of Industry and Trade.- They must comply with the rules of origin of goods under the ASEAN - China Trade in Goods Agreement, with a certificate of origin (C/O) Form E, as per the current regulations of the law.

For detailed annexes, see Decree 153/2017/ND-CP effective from January 01, 2018.

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