Conditions for the Application of VJEPA Tax Rates

Le Hai

14:29, 11/07/2024

the Government of Vietnam has just issued Decree 155/2017/ND-CP regarding the special preferential import tariff schedule of Vietnam to implement the Agreement between the Socialist Republic of Vietnam and Japan on economic partnership for the period 2018 - 2023.

To qualify for VJEPA preferential tariff rates, imported goods must meet the following conditions:

- Listed in the Special Preferential Import Tariff Schedule issued in conjunction with Decree 155/2017/ND-CP.- Imported from Japan into Vietnam.- Transported directly from Japan to Vietnam as stipulated by the Ministry of Industry and Trade.- Comply with the rules of origin as specified in the Agreement between the Socialist Republic of Vietnam and Japan for an Economic Partnership, and possess a Certificate of Origin (C/O) form JV, in accordance with current legal regulations.

Note: Goods from Vietnam's non-tariff zones (including processed goods) imported into the domestic market to qualify for VJEPA preferential tariff rates must meet the conditions specified in Clause 1, Article 4 of Decree 155/2017/ND-CP and possess a Certificate of Origin (C/O) form VJ, in accordance with current legal regulations.

For detailed appendices, refer to Decree 155/2017/ND-CP, effective from January 01, 2018.

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