What is the import duty on importing Arowana fish to Vietnam? How is the deadline for import duty payment in Vietnam?
What is the import duty on importing Arowana fish to Vietnam?
Based on Appendix 1 issued with Decree 26/2023/ND-CP regulating preferential import tax rates according to taxable items under Group 03.01 (live fish), the regulations are as follows:
2.1. Ornamental fish
(i) Freshwater fish (HS code 0301.11):
- Fry (HS code 0301.11.10) is taxed at 15%.
- Other types:
+ Koi carp (Cyprinus carpio) (HS code 0301.11.91) is taxed at 20%.
+ Goldfish (Carassius auratus) (HS code 0301.11.92) is taxed at 20%.
+ Thai fighting fish (Betta splendens) (HS code 0301.11.93) is taxed at 20%.
+ Arowana fish (Scleropages formosus) (HS code 0301.11.95) is taxed at 20%.
+ Other types (HS code 0301.11.99) are taxed at 20%.
(ii) Other types (HS code 0301.19):
- Fry (HS code 0301.19.10) is taxed at 15%.
- Other types (HS code 0301.19.90) are taxed at 20%.
2.2. Other live fish
(i) Trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache, and Oncorhynchus chrysogaster) (HS code 0301.91.00) is taxed at 20%.
(ii) Eel (Anguilla spp.) (HS code 0301.92.00) is taxed at 20%.
(iii) Carp (Cyprinus spp., Carassius spp., Ctenopharyngodon idellus, Hypophthalmichthys spp., Cirrhinus spp., Mylopharyngodon piceus, Catla catla, Labeo spp., Osteochilus hasselti, Leptobarbus hoeveni, Megalobrama spp.) (HS code 0301.93):
- Carp (Cyprinus spp., Carassius spp., Ctenopharyngodon idellus, Hypophthalmichthys spp., Cirrhinus spp., Mylopharyngodon piceus):
+ For breeding purposes, excluding fry (HS code 0301.93.21) is taxed at 0%.
+ Fry (HS code 0301.93.22) is taxed at 0%.
+ Other types (HS code 0301.93.29) are taxed at 20%.
- Carp (Catla catla, Labeo spp., Osteochilus hasselti, Leptobarbus hoeveni, Megalobrama spp.):
+ For breeding purposes, excluding fry (HS code 0301.93.31) is taxed at 0%.
+ Fry (HS code 0301.93.32) is taxed at 0%.
+ Other types (HS code 0301.93.39) are taxed at 20%.
(iv) Atlantic and Pacific Bluefin tuna (Thunnus thynnus, Thunnus orientalis) (HS code 0301.94.00) is taxed at 20%.
(v) Southern bluefin tuna (Thunnus maccoyii) (HS code 0301.95.00) is taxed at 20%.
(vi) Other types (HS code 0301.99):
- Fry of milkfish and grouper:
+ For breeding purposes (HS code 0301.99.11) is taxed at 0%.
+ Other types (HS code 0301.99.19) are taxed at 20%.
- Fry of other types:
+ Other carp, for breeding purposes (HS code 0301.99.22) is taxed at 0%.
+ Other carp (HS code 0301.99.23) are taxed at 20%.
+ Other types, for breeding purposes (HS code 0301.99.24) is taxed at 0%.
+ Other types (HS code 0301.99.29) are taxed at 20%.
- Milkfish and grouper, excluding fry:
+ Milkfish for breeding purposes (HS code 0301.99.31) is taxed at 0%.
+ Milkfish, other types (HS code 0301.99.32) are taxed at 20%.
+ Leopard grouper (Plectropomus leopardus) (HS code 0301.99.33) is taxed at 20%.
+ Brown-marbled grouper/tiger grouper (Epinephelus fuscoguttatus) (HS code 0301.99.34) is taxed at 20%.
+ Humpback grouper (Cromileptes altivelis) (HS code 0301.99.35) is taxed at 20%.
+ Other grouper (HS code 0301.99.36) is taxed at 20%.
- Other freshwater fish:
+ Tilapia (Oreochromis spp.) (HS code 0301.99.41) is taxed at 20%.
+ Other carp, for breeding purposes (HS code 0301.99.42) is taxed at 0%.
+ Other types (HS code 0301.99.49) are taxed at 20%.
- Other marine fish (HS code 0301.99.50) are taxed at 20%.
- Other types (HS code 0301.99.90) are taxed at 20%.
Download the list of imported items
Thus, one can see that importing Arowana fish (Scleropages formosus) (HS code 0301.11.95) is subject to an import duty of 20%.
What is the import duty on importing Arowana fish to Vietnam? How is the deadline for import duty payment in Vietnam? (Image from Internet)
What is the deadline for import duty payment in Vietnam?
According to Article 9 of the Import and Export Duty Law 2016, the regulations regarding the deadline for tax payment are as follows:
Deadline for tax payment
1. Goods exported, imported that are subject to tax must pay taxes before customs clearance or the release of goods as prescribed in the Customs Law, except in the cases specified in Clause 2 of this Article.
In cases where the tax payable is guaranteed by credit institutions, customs clearance or the release of goods is allowed, but late payment interest must be paid according to the Tax Management Law from the date of customs clearance or the release of goods to the tax payment date. The maximum guarantee period is 30 days from the date of customs declaration registration.
In cases where tax is guaranteed by credit institutions, but the guarantee period has expired and the taxpayer has not yet paid tax or late payment interest, the guarantor will be responsible for paying the tax and late payment interest on behalf of the taxpayer.
2. Taxpayers who are eligible for preferential policies, as regulated by the Customs Law, shall have their tax obligations for customs declarations that have been cleared or goods that have been released in the month completed no later than the tenth day of the following month. If the tax is not paid by this deadline, the full amount of unpaid tax and late payment interest must be paid as specified in the Tax Management Law.
Thus, goods subject to taxation must pay export and import taxes before customs clearance or the release of goods.
In cases where goods subject to export and import taxes are guaranteed by a credit institution for the tax payable, customs clearance or the release of goods is permitted, but late payment interest must be paid from the date of customs clearance or the release of goods to the tax payment date.
What are regulations on the goods and services of import duty payment in Vietnam?
Based on Article 2 of the Import and Export Duty Law 2016, the specific goods and services of export and import duties are regulated as follows:
- Goods exported and imported through Vietnam's border gates and borders.
- Goods exported from the domestic market to non-tariff zones, and goods imported from non-tariff zones into the domestic market.
- Goods exported and imported at spot transactions, and goods exported and imported by enterprises exercising export, import, and distribution rights.
- Export and import duty is not applied in the following cases:
+ Goods in transit, transshipment, and temporary storage.
+ Goods provided as humanitarian aid or non-refundable aid.
+ Goods exported from non-tariff zones to foreign countries.
+ Goods imported from overseas into non-tariff zones and utilized solely within non-tariff zones.
+ Goods transferred between different non-tariff zones.
+ Oil used to pay resource taxes to the State when exported.
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