Book on export tariff schedule and preferential import tariff 2020

Import and export goods at Cat Lai port. Photo: Thu Hoa

The Government officially issued Decree No. 57/2020/ND-CP amending and supplementing a number of articles of Decree No. 122/2016/ND-CP on the schedules of export tariff, preferential import tariffs, lists of goods and its flat tax, compound tariff and out-of-quota import tariff and Decree No. 125/2017/ND-CP amending and supplementing a number of articles of Decree No.122.

Decree No. 57 replaces four appendices issued with Decree No. 125, including: Appendix I - Export tax schedule according to the list of taxable products; Appendix II - Preferential import tariff according to the list of taxable products; Appendix III - List of goods and the flat tax, compound tariff for used passenger cars of 15 seats or less (including vehicle operator); Appendix IV - List of goods and out-of-quota import tariff for goods subject to tariff quotas.

Decree No. 57 amending and supplementing Article 7a of Decree No. 125 on preferential import tariffs for imported automobile components under the preferential tax program for manufacturing and assembling automobiles towards supplementing some types of environmentally-friendly cars; supplementing the conditions, procedures and documents for application of 0% tax rate of the preferential program.

Also, Decree No. 57 supplemented Article 7b on preferential import tariffs for raw materials, supplies and components for manufacturing, processing (assembly) of products of supportive industry prioritizing development for the manufacturing and assembly automobile industry in the period 2020 - 2024.

Accordingly, enterprises manufacturing, processing (assembling) automobile components and spare parts, if they met the conditions of the program, they would apply the tax rate of 0% for raw materials, supplies and components for manufacturing, processing (assembling) products of supportive industry prioritizing development for the manufacturing and automobile industry.

Decree No. 57 also amended the export tariffs for 12 commodity groups and import tariffs of 119 items as proposed by the enterprises, associations and customs authorities.

The book is published by Hong Duc Publishing House.