Preferential Import Tax Rates for Mechanical Processing Machines

Bich Hoa

21:33, 11/07/2024

the Government of Vietnam issued Decree 125/2017/ND-CP amending and supplementing Decree 122/2016/ND-CP on the export tariff, preferential import tariff, list of goods, and absolute tariffs, mixed tariffs, and import tariffs outside the tariff quota.

items of mechanical processing machines under product groups from 84.54 to 84.63 are subject to preferential import duty rates as follows:

- Mechanical processing machines that are not produced domestically are subject to a 0% preferential import duty rate.- Mechanical processing machines mentioned in this point are those not included in the List of machines and equipment produced domestically, as prescribed by the Ministry of Planning and Investment.- Mechanical processing machines not falling under the case specified in Clause 1 of this Article are subject to the preferential import duty rates specified for groups from 84.54 to 84.63 in the Import Tariff stipulated in Section I, Appendix II of Decree 125/2017/ND-CP.

Details of the appendix can be seen at Decree 125/2017/ND-CP, effective from January 01, 2018.

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