Special preferential import tariff of Vietnam under the new draft

Special preferential import tariff of Vietnam under the new draft​ (illustrative photo)

Regulations on the special preferential import tariff schedule in Draft Decree on Preferential Export Tariff Schedule and Special Preferential Import Tariff Schedule of Vietnam under EU-Vietnam Free Trade Agreement in the 2020 - 2022 period are as follows:

+ Tax subjects regulated in Appendix II attached to the Draft include codes, description of goods, special preferential import tax rates according to the phases imported from members of the European Union and the territories as stipulated.

+ Symbol “*”: Imported goods not eligible for the special preferential import tax under the EVFTA Agreement.

+ For imported goods subject to tariff quotas including certain items under groups 04.07; 17.01; 24.01; 25.01, the special preferential import tax rate within quotas is the rate specified in Appendix II attached to the Decree;

Note: The annual import tariff quota list and quantity as regulated by the Ministry of Industry and Trade and the out-of-quota import tax rates applied according to the regulations of the Government of Vietnam at the time of import.

+ Conditions for applying the special preferential import tax rates under the EVFTA Agreement:

- Belongs to the Special Preferential Import Tariff Schedule specified in Appendix II attached to the Decree;- Imported into Vietnam from:

-  Members  of  the  European  Union,  except  the  territories  of  Ceuta  and  Melilla;

-  Principality  of  Andorra;-  Republic  of  San  Marino;

-  United  Kingdom  of  Great  Britain  and  Northern  Ireland;

-  Socialist  Republic  of  Vietnam  (Goods  imported  from  the  non-tariff  zone  into  the  domestic  market).

- Complies with the regulations on goods origin and possesses a certificate of origin as stipulated in the EVFTA Agreement.

See details in the Draft Decree on the Preferential Export Tariff Schedule, the Special Preferential Import Tariff Schedule of Vietnam to implement the EVFTA Agreement for the period 2020 – 2022.

Long Binh

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