Vietnam: 04 cases where goods are exempted from export duty and import duty within the free trade zone

23:55, 09/07/2024

Below is the notable content in Circular 08/2007/TT-BTC guiding financial policies and customs procedures applicable in the Nghi Son Economic Zone, Thanh Hoa Province.

not subject to Export and Import Taxes, Circular 08/2007/TT-BTC

Vietnam: 04 cases where goods are exempted from export duty and import duty within the free trade zone (Illustration)

Under Circular 08/2007/TT-BTC, exports and imports in the following cases are exempted from export duty and import duty in Vietnam:

- Goods exported to abroad from the free trade zone;

- Goods imported to the free trade zone from abroad that is only be used within the free trade zone;

- Goods from a free trade zone transferred or sold to other free trade zones and vice versa.

- Other goods exempted from export duty imported to the free trade zone from Vietnam’s inland area.

In addition, goods subject to export duty imported to the non-tariff zone from Vietnam’s inland area must pay duty and follow the export procedures as prescribed by current law provisions.

More details may be found in Circular 08/2007/TT-BTC effective from March 3, 2007.

Ty Na

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