Vietnam: Guidelines for application of duty rates on in-country exports and imports from April 25, 2021

Le Hai

10:20, 16/03/2021

Recently, the Government of Vietnam has issued Decree 18/2021/ND-CP amending Decree 134/2016/ND-CP elaborating Law on Import Tax and Export Tax .

According to the Decree, from April 25, 2021, the application of duty rates on in-country exports and imports is stipulated as follows:

- In-country exports shall apply the export duty rates specified in the Government of Vietnam’s Decree 122/2016/ND-CP, Decree 57/2020/ND-CP, Decree 125/2017/ND-CP, their amendments and replacements (if any).

- In-country imports (except goods imported from free trade zones prescribed in Point c of this Clause) shall apply the preferential import tariff rates specified in Vietnam's Decree No. 125/2017/ND-CP, Decree No. 57/2020/ND-CP, their amendments and replacements (if any).

- Goods that satisfy the rules of origin of a country, group of countries or territories that apply most-favored nation treatment in their trade relations with Vietnam and are imported from free trade zones into the domestic market; goods that are manufactured, processed, recycled or assembled in free trade zones but do not meet the conditions for enjoyment of special preferential import tariff rates and are imported from free trade zones into the domestic market shall apply the preferential import tax tariff rates specified in Vietnam's Decree No. 125/2017/ND-CP, Decree No. 57/2020/ND-CP, their amendments and replacements (if any).

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More details can be found in Vietnam's Decree 18/2021/ND-CP, effective from April 25, 2021.

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