Conditions for the Application of AJCEP Tax Rates

Le Hai

14:41, 11/07/2024

the Government of Vietnam has recently issued Decree 160/2017/ND-CP prescribing the special preferential import tariff schedule of Vietnam to implement the ASEAN - Japan Comprehensive Economic Partnership Agreement for the period 2018 - 2023.

to apply the AJCEP tariff rate to imported goods, the following conditions must be met:

(1) They must be listed in the special preferential import tariff schedule issued with Decree 160/2017/ND-CP.

(2) They must be imported from member countries of the ASEAN - Japan Comprehensive Economic Partnership 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;- Japan;- Socialist Republic of Vietnam (Goods imported from free trade zones to the domestic market).

(3) They must be directly transported from the exporting country as prescribed in Clause 2, Article 4 of Decree 160/2017/ND-CP to Vietnam by the Ministry of Industry and Trade.

(4) They must comply with the rules of origin of goods in the ASEAN - Japan Comprehensive Economic Partnership Agreement and have a Certificate of Origin (C/O) Form AJ, as prescribed by current law.

For detailed annexes, refer to Decree 160/2017/ND-CP effective from January 1, 2018.

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