Vietnam: What are the regulations on the special preferential import tariff schedule for the implementation of the ASEAN-China Free Trade Agreement for the period of 2022-2027?
- What is the special preferential import tariff schedule for the implementation of the ASEAN-China Free Trade Agreement for the period of 2022 - 2027?
- How to read the special preferential import tariff schedule in the implementation of the ASEAN-China Free Trade Agreement?
- What are the conditions for application of special preferential import tax rates for imports subject to ACFTA tax rates?
What is the special preferential import tariff schedule for the implementation of the ASEAN-China Free Trade Agreement for the period of 2022 - 2027?
The special preferential import tariff schedule for the implementation of the ASEAN Trade Agreement with China for the period 2022-2027 is promulgated together with Decree 118/2022/ND-CP of Vietnam on the Special Preferential Import Tariff for the implementation of the ASEAN-China Free Trade Agreement for the period 2022-2027
The special preferential import tariff schedule for the implementation of the ASEAN-China Trade Agreement has the following form:
Download the Special Preferential Import Tariffs for the implementation of the ASEAN-China Free Trade Agreement: Click here
Vietnam: What are the regulations on the special preferential import tariff schedule for the implementation of the ASEAN-China Free Trade Agreement for the period of 2022-2027?
How to read the special preferential import tariff schedule in the implementation of the ASEAN-China Free Trade Agreement?
Pursuant to Article 3 of Decree 118/2022/ND-CP of Vietnam, the contents of the Special Preferential Import Tariff are determined as follows:
- The column "Item code" and column "Description of goods" in the Special Preferential Import Tariff attached to this Decree are built on the basis of the List of exported and imports of Vietnam and details according to the 8-digit or 10-digit code level.
In case the List of Vietnam's exports and imports is amended or supplemented, the customs declarant shall declare the description and code of the goods according to the amended and supplemented list of imported and exported goods. The tax rates of goods codes are amended and supplemented as prescribed in the Special Preferential Import Tariff promulgated together with Decree 118/2022/ND-CP of Vietnam
- Column "ACFTA Tax Rate (%)": The tax rate applies from December 30, 2022 to December 31, 2027.
- Symbol "": Imports are not entitled to the ACFTA tax rate at the corresponding time.
- Column "Countries not entitled to preferences": Goods imported from countries showing the country's symbol are not eligible for the ACFTA tax rates specified in Decree 118/2022/ND-CP of Vietnam
- For imports subject to tariff quotas, including a number of items belonging to commodity groups 04.07, 17.01, 24.01 and 25.01, the special preferential import tax within the quota is the tax rate specified in the special preferential import tariff promulgated together with Decree 118/2022/ND-CP of Vietnam;
- The list and the annual import tariff quota amount according to the regulations of the Ministry of Industry and Trade and the import tax rate outside the quota applied in accordance with the provisions of the Export Tariff, the Preferential Import Tariff, the List of goods and the rate of absolute tax, compound tax, import tax outside the Government's tariff quota at the time of importation.
What are the conditions for application of special preferential import tax rates for imports subject to ACFTA tax rates?
Pursuant to Article 4 of Decree 118/2022/ND-CP of Vietnam and Article 5 of Decree 118/2022/ND-CP of Vietnam stipulating conditions for application of special preferential import tax rates for imports subject to ACFTA tax rates as follows:
For imports
- Under the Special Preferential Import Tariff issued together with Decree 118/2022/ND-CP of Vietnam
- Imported from countries that are members of the ASEAN-China Trade in Goods Agreement, including the following countries and territories:
+ Brunei Darussalam, symbol is BN;
+ Kingdom of Cambodia, symbol KH;
+ Republic of Indonesia, denoted by ID;
+ Lao People's Democratic Republic, symbol LA;
+ Malaysia, symbol is MY;
+ Federal Republic of Myanmar, symbol MM;
+ Republic of the Philippines, symbol PH;
+ The Republic of Singapore, symbol SG;
+ Kingdom of Thailand, symbol is TH;
+ People's Republic of China, symbol is CN;
- Meet the regulations on origin of goods (including regulations on direct transportation) and have a Certificate of Origin (C/O) form E or have a certificate of origin according to the regulations of the ASEAN-China Free Trade Agreement and current regulations of law.
For goods from the non-tariff zone of Vietnam
Goods imported from a non-tariff zone of Vietnam into the domestic market eligible for special preferential import tax rates under the ACFTA Agreement must fully satisfy the conditions specified in Clause 1, Article 4 of Decree 118. 2022/ND-CP and Clause 3, Article 4 of Decree 118/2022/ND-CP of Vietnam.
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