The Government promulgates 16 Decrees on special preferential import and export tariffs

17:10 | 12/01/2023 Regulations Follow english.haiquanonline.com.vn on

VCN - The Government signed and promulgated 16 Decrees specifying Vietnam’s special preferential import tariff schedule for the implementation of the Trade Agreements and Economic Partnership Agreements.

The issuance of 16 Decrees aims to implement Vietnam's import and export duties commitments in trade agreements. Photo: T.Bình

Implementing Vietnam's import and export duties commitments in free trade agreements/trade agreements (referred to as agreements), on December 30, 2022, the Government signed and promulgated 16 Decrees on the preferential export tariff schedule and special preferential import tariff schedule of Vietnam to implement 16 agreements for the 2022-2027 period, consistent with the List of Vietnam's exports and imports under the Harmonized Tariff List ASEAN (AHTN) 2022 prescribed in Circular No. 31/2022/TT-BTC dated June 8, 2022, of the Ministry of Finance.

Basically, the contents specified in the above Decrees inherit all the provisions of the Decrees promulgating the preferential export tariff schedule and special preferential import tariff schedule of Vietnam to implement Free Trade Agreements/Trade Agreements in the previous period (2018-2022) to ensure policy stability and comply with the tariff reduction schedule committed in these agreements.

Decrees are consistent with the guidelines and policies of the Party, constitutionality and legality; ensure consistency in the legal system; ensure compatibility with international treaties to which Vietnam is a member.

Regarding the implementation effect, the above Decrees are effective from the date of signing for promulgation, that is, December 30, 2022. The Decree also stipulates that the Decrees issued in the 2018-2022 period will expire from the effective date of these Decrees.

The promulgation of the above Decrees contributes to completing the institutional building to continue implementing Vietnam's tariff commitments under the agreements, thereby, further facilitating and promoting trade between Vietnam and other countries in order to create positive effects for Vietnam's economic development.

List of 16 Decrees:

1. Decree No. 112/2022/ND-CP dated December 30, 2022 of the Government on Vietnam's Special Preferential Import Tariff to implement of the Vietnam-Chile Free Trade Agreement during 2022 - 2027.

2. Decree No. 113/2022/ND-CP dated December 30, 2022 of the Government on Vietnam's Special Preferential Import Tariff schedule in order to implement the free trade agreement between the Socialist Republic of Vietnam, of the one part and the Eurasian Economic Union and its member states, of the other part during 2022 - 2027.

3. Decree No. 114/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the Trade Agreement between Viet Nam and Cuba in the 2022-2027 period.

4. Decree No. 115/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the Comprehensive and Progressive Trans-Pacific Partnership in the 2022-2027 phase.

5. Decree No. 116/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the EU-Viet Nam Free Trade Agreement during the 2022-2027 period.

6. Decree No. 117/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the Viet Nam-United Kingdom Free Trade Agreement in the 2022-2027 phase.

7. Decree No. 118/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the ASEAN–China Trade in Goods Agreement in the 2022-2027 period.

8. Decree No. 119/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the ASEAN-Korea Trade in Goods Agreement during the 2022-2027 phase.

9. Decree No. 120/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the ASEAN-Japan Comprehensive Economic Partnership Agreement in the 2022-2028 period.

10. Decree No. 121/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the ASEAN-Australia-New Zealand Free Trade Area during the 2022-2027 period.

11. Decree No. 122/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the ASEAN-India Trade in Goods Agreement in the 2022-2027 phase.

12. Decree No. 123/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the ASEAN-Hong Kong China Free Trade Agreement.

13. Decree No. 124/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the Viet Nam-Japan Economic Partnership Agreement in the 2022-2028 period.

14. Decree No. 125/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the Viet Nam–Korea Free Trade Agreement in the 2022-2027 phase.

15. Decree No. 126/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the ASEAN Trade in Goods Agreement during the 2022-2027 period.

16. Decree No. 127/2022/NĐ-CP dated December 30, 2022 promulgating Viet Nam's special preferential import tariff schedule for the implementation of the Trade Agreement between Viet Nam and Laos from December 30, 2022-October 4, 2023.

By Hoài Anh/Thanh Thuy

Tags:

Related News

Revising policies to adapt to two-way impact of FTAs

09:24 | 10/11/2024 Finance

VCN - One of the most obvious positive impacts of Free Trade Agreements (FTAs) is to promote export growth, thereby contributing to increasing state budget revenue. However, the implementation of FTAs also has a negative impact on state budget revenue under commitments on tariff reduction and elimination.

Perfecting the law on import and export tax towards exemption and reduction for the right subjects

15:00 | 05/11/2024 Customs

VCN - According to Deputy Director General of Vietnam Customs Luu Manh Tuong, there are still many issues to take full advantage of Free Trade Agreements (FTAs), including the need to perfect legal policies on import and export taxes in the direction of strict management and exemption for the right subjects.

Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

14:20 | 09/10/2024 Regulations

VCN - The Ministry of Finance is drafting a decree amending and supplementing a number of articles of Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgating Vietnam's preferential export tariff schedule and special preferential import tariff schedule to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the 2022-2027 period. The Decree is expected to take effect from the date of signing.

Taking advantage of FTAs to promote exports of many products to Japan

08:28 | 02/09/2024 Import-Export

VCN - Vietnam and Japan are participating in 4 bilateral and multilateral free trade agreements, Vietnamese enterprises need to take advantage of this to increase exports.

Latest News

Implementing the SAFE Framework in Vietnam: Solutions and Recommendations

09:18 | 17/11/2024 Regulations

VCN - Recognizing the significance, impact, and benefits of the SAFE Framework in customs modernization and reform, Vietnam Customs is advancing the implementation of SAFE. This involves both capacity building and phased deployment aligned with Vietnam Customs’ development strategy and practical needs.

Abolishing regulations on tax exemption for small-value imported goods must comply with international practices

13:54 | 15/11/2024 Regulations

VCN - The Ministry of Finance said that the abolition of regulations on tax exemption for imported goods valued at less than VND1 million must comply with international practices in the context of the growing trend of cross-border e-commerce activities.

Policy adaptation and acceleration of digital transformation in tax and customs management

10:03 | 14/11/2024 Regulations

VCN - In order to contribute to economic growth, tax, customs and logistics management policies need to ensure high adaptability, stability and predictability so that they require little amendment or supplementation.

Implement regulations on special preferential import tariffs under VIFTA

08:32 | 13/11/2024 Regulations

VCN - The General Department of Vietnam Customs (GDVC) requests provincial and municipal customs departments to implement Vietnam's special preferential import tariffs under the Free Trade Agreement between the Government of the Socialist Republic of Vietnam and the Government of the State of Israel for the period 2024-2027 (referred to as the VIFTA) from October 15, 2024.

More News

Perfecting tax policy for goods traded via e-commerce

09:24 | 10/11/2024 Regulations

VCN - In order to ensure the goal of developing e-commerce activities without causing loss of state budget revenue, the Customs authority is actively coordinating with policy advisory units of the Ministry of Finance to research and review regulations on tax exemption for import and export goods transacted via e-commerce.

Are belongings of foreigners on business trip to Vietnam exempt from tax?

14:23 | 09/11/2024 Regulations

VCN - That is the question of Nhat Viet Relocation Company Limited, which has just been answered by the Customs Department and given specific instructions on providing a confirmation of residence of foreigners on business trip to Vietnam to follow tax exemption procedures for movable assets.

Amending regulations on enforcement measures in tax administration

10:05 | 08/11/2024 Regulations

VCN - In draft of 1 law amending 7 laws in the financial sector, the Ministry of Finance proposed to amend the regulations on enforcement measures in tax administration in the Law on Tax Administration.

Customs procedures for import and export goods during system disruptions

15:11 | 07/11/2024 Regulations

VCN - When the electronic customs data processing system experiences a disruption, customs procedures for export and import goods, goods under customs supervision, and goods sent via express delivery will follow a separate set of procedures.

Procedures for customs processes when the VNACCS/VCIS system experiences disruptions

15:05 | 07/11/2024 Regulations

VCN - The General Department of Vietnam Customs has issued Decision No. 2537/QD-TCHQ, establishing procedures for customs processes for import, export, and goods under customs supervision when the VNACCS/VCIS system encounters disruptions.

Proposal extending 50% green tax cut for fuel products in 2025

09:32 | 07/11/2024 Regulations

VCN - The Ministry of Finance has just proposed extending 50% green tax cut in 2025 for gasoline (except ethanol), oil, and grease; reducing about 70% on jet fuel and 40% on kerosene. According to calculations, the total state budget will decrease by about VND44,224 billion under this policy.

Which authorities have the right to request taxpayer information?

15:33 | 05/11/2024 Regulations

VCN - The General Department of Vietnam Customs has recently issued a response to the Asset Valuation Council for Criminal Proceedings of An Giang Province concerning the provision of information on imported goods prices for asset valuation purposes.

The Government adjust import and export tariff rate on certain goods

09:01 | 05/11/2024 Regulations

VCN - On November 1, 2024, the government issued Decree 144/2024/ND-CP, amending and supplementing certain provisions of Decree 26/2023/ND-CP on the export tariff schedule, the preferential import tariff schedule, tariff nomenclature, and the fixed duties, mixed duties, and out-of-quota import duties.

"One law amending four laws" on investment to decentralize and ease business challenges

16:44 | 01/11/2024 Regulations

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") focuses on amending conflicting regulations that are causing obstacles, to facilitate investment, production, and business activities.

Your care

Latest Most read

Implementing the SAFE Framework in Vietnam: Solutions and Recommendations

09:18 | 17/11/2024 Regulations

Recognizing the significance, impact, and benefits of the SAFE Framework in customs modernization and reform, Vietnam Customs is advancing the implementation of SAFE.

Abolishing regulations on tax exemption for small-value imported goods must comply with international practices

13:54 | 15/11/2024 Regulations

Policy adaptation and acceleration of digital transformation in tax and customs management

10:03 | 14/11/2024 Regulations

Implement regulations on special preferential import tariffs under VIFTA

08:32 | 13/11/2024 Regulations

VCN - Accordingly, the GDVC directs local customs departments to disseminate and instruct Customs officers and enterprises to carry out customs procedures, and study the provisions of Decree 131/2024/ND-CP to implement customs declaration in accordance wi

Perfecting tax policy for goods traded via e-commerce

09:24 | 10/11/2024 Regulations

Customs authority is actively coordinating with policy advisory units of the Ministry of Finance to research and review regulations on tax exemption for import and export goods transacted via e-commerce