5,535 import tariff lines from EAEU cut down to 0%

09:46 | 23/01/2018 Regulations Follow english.haiquanonline.com.vn on

VCN – According to Decree No. 150/2017/NĐ-CP of the Government on issuance special preference import tariff of Vietnam – Euro Asian Economic Union (EAEU) and members country in the period 2018 – 2022 (Vietnam – EAEU FTA) till 2018, this import tariff list has 5,535 import tariff lines cut down to 0%.

Raw materials and textiles are one of the groups that has import tax rate of 0%. Photo: N.Huế.

According to the International Cooperation Department, Ministry of Finance, the tariff list of Vietnam-EAEU FTA for the period 2018-2022 includes 10,865 tariff lines, in that 10,771 specific tariff lines at the level of 8 digits and 94 tariff lines are detailed at the level of 10 digits.

In 2018, 5,535 tariff lines are to be cut down to 0%, focusing on groups items of input materials for export production such as textile materials, footwear and electronic components, plastic raw materials, fertilizers, corn, wheat, ...

Apart from 1,372 tariff lines that are not eligible for the special preferential import tariff rate of Vietnam-EAEU FTA due to the unconfirmed list, the remaining 3,720 tariff lines are still being gradually reduced to 0%, including: Milk and dairy products, chemicals and chemical products, automobile and spare parts for automobiles, paper of all kinds, steel and steel products, rubber products, household electrical appliances, ..

As the Vietnam-EAEU FTA rates have been gradually cut over years, the group of products that do not change their tariff rates compared to 2017 only include tariff lines in the unbound (1,372 tariff lines, equivalent to 12, 9% of total schedule for 2018-2022).

Specifically, the main categories are: pharmaceuticals, timber and wood products, automobile and parts, steel billets, chemical products, steel products, petroleum products, ...

The remaining 9,262 tariff lines (equivalent to 77% of the total schedule) are cut down on tax compared to 2017.

By H.Vân/Thanh Thuy

Tags:

Related News

Slow removal of IUU "yellow card", loss of many millions of dollars

16:11 | 19/09/2023 Import-Export

VCN - It is expected that in October 2023, the European Commission (EC) Inspection Team will conduct the fourth assessment on the implementation of strong measures against illegal, unreported fishing and not according to Vietnam's (IUU) regulations. This is a golden opportunity for Vietnam to remove the "yellow card" warning for exploited seafood.

Strengthen inspection of goods by scanners

19:16 | 20/08/2023 Anti-Smuggling

VCN - To ensure the scanning of imported and exported goods by container scanners in accordance with regulations, the General Department of Customs requested local Customs Departments to strengthen the inspection of goods by scanners.

Preliminary assessment of Vietnam international merchandise trade performance in the first half of June, 2023

17:19 | 11/07/2023 Customs Statistics

The Vietnam Customs Statistics announced that in the first half (01-15/6/2023) of June-2023, Vietnam’s total exports of US dollars 13.7 billion and imports of US dollars 13.57 billion resulted in a trade surplus of nearly US dollars 131 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of June was US dollars 27.27 billion, down by 5.5% as compared to the second half of May-2023.

Lang Son Customs: Diversifying solutions, initiatives, services to support businesses

15:16 | 09/04/2023 Customs

VCN - From the beginning of the year, to handle procedures for 1,240 enterprises registering declarations on the VNACCS/VCIS with nearly 22,300 sets of declarations, Lang Son Customs has continuously promoted customs administrative reform and modernization accompanied businesses and created favourable conditions for import-export activities through the area. To contribute to attracting businesses and increasing state budget revenue, the unit has effectively implemented solutions, initiatives and support services.

Latest News

Used electronic components or waste?

14:52 | 10/09/2023 Regulations

VCN - A foreign-invested enterprise completed procedures to export dozens of shipments of used electronic components. The customs suspected the exported goods as waste but encountered difficulties in identifying the goods.

Reasons for ups and downs of land rent

11:34 | 03/09/2023 Regulations

VCN - Based on the provisions of the land law, the land rental payable of projects is high or low depending on four factors: the land area for lease; land rent price; percentage rate; State’s policies of deduction, exemption. Of which, the main factors are the land area and the land rent price.

Many proposals of seafood enterprises on VAT refund have been answered by the Ministry of Finance

14:52 | 31/08/2023 Regulations

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Ministry of Finance has directed to handle or advise the handling authority related to the petitions of seafood enterprises.

Export procedures for imported origin goods

10:34 | 25/08/2023 Regulations

VCN - Some foreign direct investment (FDI) enterprises have encountered difficulties in customs procedures for exporting goods of imported origin wihout undergoing processing. The Customs authority have provided timely response and guidance.

More News

Criteria "Made in Vietnam" has not been issued for 5 years

10:12 | 15/08/2023 Regulations

VCN - Regarding the identification of Vietnamese products and goods, made in Vietnam, since the Ministry of Industry and Trade proposed to the Government, until now, after 5 years, it has not been able to be issued.

Regulations on tax debt relief for enterprises that have fled or gone missing

10:50 | 09/08/2023 Regulations

VCN - At the proposal of the National Assembly Delegation of Dong Nai province about the implementation of legal policies on debt forgiveness and guidance on customs value declaration for imported goods over 10 years, subject to investment incentives but the importers have fled or gone missing, the General Department of Customs has answered and provided specific instructions on this issue.

Be concerned about hindering cooperation when limiting deposits at people's credit fund

14:43 | 04/08/2023 Regulations

VCN - The Vietnam Cooperative Union said that the regulation that the total amount of deposits not exceeding 20 times the equity causes many difficulties, hindering the demand for cooperation, capital contribution, and idle capital mobilization from the people of the people's credit fund.

Two new regulations on financial activities to take effect from August

14:27 | 24/07/2023 Regulations

New regulations on the operation of money exchange agents of bordering countries and eligibility requirements for foreign loans without the Government’s guarantee will officially take effect from August, 2023.

Instruct customs declaration in case of submitting additional C/O of imported petroleum products

11:38 | 19/07/2023 Regulations

VCN – If the customs declarant has not yet submitted C/O at the time of carrying out customs procedures, the declarant will declare additional submission of the C/O on e-declaration.

Ministry proposes new electricity tariffs

15:52 | 12/07/2023 Regulations

The Ministry of Industry and Trade (MoIT) has released a draft of the Prime Minister's decision on the structure of retail electricity tariffs for public feedback. The draft proposes a new pricing scheme based on a percentage of the average retail price of electricity for different groups of users.

Customs guides to urgently implement policy of VAT reduction

10:53 | 10/07/2023 Regulations

VCN - To implement Decree 44/2023/ND-CP of the Government stipulating the policy on VAT reduction according to Resolution No. 101/2023/QH15 dated June 24, 2023 of the National Assembly, the General Department of Customs guides the local Customs Departments to implement the regulations from July 1, 2023.

New regulations on determining origin of imported and exported goods take effect from July 15

06:13 | 09/07/2023 Regulations

VCN - Application of new management methods in line with the trend of trade facilitation such as using e-documents to replace paper documents; changing form of submission of C/O; applying guarantee; late submission of C/O... are notable contents of Circular 33/2023/TT-BTC (Circular 33) on determining the origin of imported and exported goods, which will take effect from July 15.

New preferential import tax rates for automobile production and assembly

10:56 | 29/06/2023 Regulations

VCN - Decree No. 26/2023/ND-CP dated May 31, 2023, of the Government on Export Tariffs, Preferential Import Tariffs, List of goods and absolute tax rates, mixed taxes, import taxes out of quotas have revised some contents of the tax incentive program for manufacturing and assembling automobiles to ensure consistency with relevant legal provisions which have been revised in the past time.

Your care

Latest Most read