4 Conditions for Applying AIFTA Tax Rates

16:18, 11/07/2024

the Government of Vietnam promulgates Decree 126/2016/ND-CP on the Special Preferential Import Tariff Schedule of Vietnam to implement the ASEAN-India Trade in Goods Agreement (referred to as the Agreement) for the period 2016–2018.

Goods imported under the special preferential import tariff (AIFTA tariff rate) must meet the following 04 conditions:

- First, it must be included in the special preferential import tariff schedule issued with this Decree;- Second, it must be imported into Vietnam from countries that are members of the Agreement;- Third, it must be transported directly from the exporting countries that are members of the Agreement into Vietnam;- Fourth, it must comply with the rules of origin of goods in the Agreement and have a Certificate of Origin (C/O) Form AI as stipulated by the Ministry of Industry and Trade.

Details of the 11 member countries of the Agreement can be found in this Decree.

Decree 126/2016/ND-CP takes effect from September 1, 2016, and repeals Circular 169/2014/TT-BTC.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn