Conditions for the Application of AIFTA Tax Rates

Le Hai

14:39, 11/07/2024

the Government of Vietnam has recently promulgated Decree No. 159/2017/ND-CP stipulating the special preferential import tariff schedule of Vietnam to implement the ASEAN-India Trade in Goods Agreement for the period 2018 - 2022.

Imported goods applicable to the AIFTA tariff rate must meet the following conditions:

First, they must belong to the Special Preferential Import Tariff Schedule issued together with Decree 159/2017/ND-CP.

Second, they must be imported into Vietnam from member countries of the ASEAN-India Trade in Goods Agreement, 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;- Republic of India;- Socialist Republic of Vietnam (Goods imported from the non-tariff zone into the domestic market).

Third, they must be transported directly from the exporting country according to Clause 2, Article 4 of Decree 159/2017/ND-CP to Vietnam as regulated by the Ministry of Industry and Trade.

Fourth, they must comply with the regulations on the origin of goods in the ASEAN-India Trade in Goods Agreement and have a Certificate of Origin (C/O) Form A1, as per the current laws.

Details of the attached appendix can be found at Decree 159/2017/ND-CP which takes effect from January 01, 2018.

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