03 Conditions for Applying Preferential Export Tax Rates under the CPTPP Agreement

According to the current regulations, the Preferential Export Tariff Schedule stipulated in Appendix I promulgated together with Decree 57/2019/ND-CP includes item codes, descriptions of goods, and preferential export tax rates for various periods when exporting to each country such as Australia; Canada; Japan; United Mexican States; New Zealand; Republic of Singapore. Additionally, items not included in the Preferential Export Tariff Schedule stipulated in Appendix I promulgated together with Decree 57 shall be subject to a 0% tax rate when exported to the aforementioned territories.

Illustrative image (source: internet)

Exported goods from Vietnam that apply preferential export tax rates as mentioned above must meet the following conditions:

- Imported into the territories of the countries according to the provisions of the CPTPP Agreement, including: Australia; Canada; Japan; United Mexican States; New Zealand; Republic of Singapore.- Have transport documents (copies) indicating the destination within the territories of the countries specified in point a, clause 4 of this Article.- Have import customs declarations for exported goods from Vietnam imported into the territories of the six aforementioned countries (copies and translations in English or Vietnamese if the language used in the declaration is not English).

Furthermore, Decree 57/2019/ND-CP also stipulates the tax rates applicable for the period 2019 – 2022 as follows:

- The United Mexican States applies the tax rates stipulated in Appendix I:

- From January 14, 2019, to December 31, 2019, in the column marked “(I)”.- From January 1, 2020, to December 31, 2020, in the column marked “(II)”.- From January 1, 2021, to December 31, 2021, in the column marked “(III)”.- From January 1, 2022, to December 31, 2022, in the column marked “(IV)”.

- The countries of Australia, Canada, Japan, New Zealand, Republic of Singapore apply the tax rates stipulated in Appendix I:

- From January 14, 2019, to December 31, 2019, in the column marked “(II)”.- From January 1, 2020, to December 31, 2020, in the column marked “(III)”.- From January 1, 2021, to December 31, 2021, in the column marked “(IV)”.- From January 1, 2022, to December 31, 2022, in the column marked “(V)”.

See the full text of the regulations in Decree 57/2019/ND-CP, effective from June 26, 2019.

Thu Ba

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