Conditions for Applying the AANZFTA Tax Rate

Le Hai

14:39, 11/07/2024

the Government of Vietnam has just issued Decree 158/2017/ND-CP on the regulations of special preferential import tax rates of Vietnam to implement the Agreement on the establishment of the Asean - Australia - New Zealand Free Trade Area for the period 2018 - 2022.

To qualify imported goods for the AANZFTA tariff rate, they must meet the following conditions:

- They must belong to the Special Preferential Import Tariff Schedule promulgated with Decree 158/2017/ND-CP.- They must be imported from countries that are members of the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area, including the following countries:- Brunei Darussalam;- Kingdom of Cambodia;- Republic of Indonesia;- Lao People's Democratic Republic;- Malaysia;- Republic of the Union of Myanmar;- Republic of the Philippines;- Republic of Singapore;- Kingdom of Thailand;- Australia;- New Zealand;- Socialist Republic of Vietnam (Goods imported from non-tariff zones into the domestic market).- They must be directly transported from the exporting country according to Clause 2, Article 4 of Decree 158/2017/ND-CP into Vietnam as stipulated by the Ministry of Industry and Trade.- They must comply with the rules of origin of goods in the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area and have a Certificate of Origin (C/O) Form AANZ, in accordance with the current legal regulations.

For detailed appendices, see Decree 158/2017/ND-CP effective from January 01, 2018.

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