What is the export tariff schedule of Vietnam in 2024? When are the export and import duties calculated?

What is the export tariff schedule of Vietnam in 2024?

The 2024 tariff schedules related to export and import goods include:

- The ordinary import tariff and preferential import tariff;

- 16 special preferential import tariffs (ACFTA, ATIGA, AJCEP, VJEPA, AKFTA, AANZFTA, AIFTA, VKFTA, VCFTA, VN-EAEU, CPTPP, AHKFTA, VNCU, EVFTA, UKVFTA, RCEPT);

- The preferential export and import tariffs under CPTPP, preferential export tariffs under EVFTA, preferential export tariffs under UKVFTA;

- VAT Tariff Schedule

- The Excise Tax, Environmental Protection Tax schedules with a total of 25 tariff schedules

Export Tariff Schedule 2024....download

What are cases of exemption of export and import duties in Vietnam?

According to Clause 4, Article 2 of the Law on export and import duties 2016, there are 4 specific cases where export and import duties are not applicable as follows:

[1] Goods in transit, transshipment, and transloading;

[2] Humanitarian aid goods, non-refundable aid goods;

[3] Goods exported from non-tariff zones to abroad; goods imported from abroad into non-tariff zones and only used within non-tariff zones; goods transferred from one non-tariff zone to another;

[4] Oil and gas used to pay resource tax to the State when exported.

What is the Export Tariff Schedule of Vietnam in 2024? When are the export and import duties calculated? (Image from Internet)

When are the export and import duties calculated in Vietnam?

Based on Article 8 of the Law on export and import duties 2016 regarding the value and timing of tax calculation:

Tax Value, Timing of Tax Calculation

1. The value for calculating export and import duties is the customs value as regulated by the Customs Law.

2. The timing for calculating export and import duties is the time of customs declaration registration.

For goods that are not subject to tax, exempt from export or import tax, or apply absolute tax rates within the tariff quota but change in regard to exemption, tax rate or absolute tax within the quota as per the law, the tax calculation time is the time of registration of a new customs declaration.

The customs declaration registration time is conducted according to customs legal regulations.

Thus, the time for calculating export and import duties is the time of customs declaration registration.

For goods not subject to tax, exempt from foreign trade tax, or applying tax rates, absolute tax levels within quotas which change regarding exemption, tax rate, and absolute tax within quotas as prescribed by law, the tax calculation time is the new customs declaration registration time.

Note: The customs declaration registration time is according to customs legal regulations.

What is the basis for calculating export and import duties for goods applying the fixed duties in Vietnam?

Based on Article 6 of the Law on export and import duties 2016:

Basis for calculating export and import duties for goods using the fixed duties or mixed tax method

1. The tax amount applying the fixed duties for exported or imported goods is determined based on the actual quantity of goods exported or imported and the absolute tax rate prescribed per unit of goods at the time of tax calculation.

2. The tax amount applying the mixed tax method for exported or imported goods is determined as the total tax amount according to the percentage and the absolute tax amount as per Clause 1, Article 5 and Clause 1, Article 6 of this Law.

Thus, the basis for calculating export and import duties for goods using the fixed duties is the actual quantity of goods exported or imported and the absolute tax rate per unit at the tax calculation time.

Are imported components for manufacturing export goods exempt from export and import duties in Vietnam?

Based on Article 16 of the Law on export and import duties 2016 regarding exemptions:

Exemption

...

6. Materials, supplies, and components imported for processing export products; complete imported products for assembling into processed products; processed export products.

Processed export products made from domestic materials, supplies subject to export tax are not exempt from tax on the value of domestic materials, supplies incorporated into export products.

Export goods for processing and then re-imported are exempt from export and import duties on the value of exported raw materials incorporated into processed products. For export goods processed and re-imported that are resources, minerals, or products with a total value of resources and minerals plus energy costs accounting for 51% or more of the product cost, they are not exempt from tax.

7. Materials, supplies, components imported to produce export goods.

8. Goods manufactured, processed, recycled, assembled at non-tariff zones without using imported raw materials and components from abroad when imported into the domestic market.

9. Temporarily imported goods for re-export or temporarily exported goods for re-import within a certain period, including:

...

Thus, imported components for manufacturing export goods are among those exempt from export and import duties.