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

Vietnam's GDP in 2024 could achieve nearly 7% growth

10:08 | 22/07/2024 Headlines

VCN - According to Nguyen Anh Duong, Head of the General Research Department at the Central Institute for Economic Management (CIEM), Vietnam achieved significant socio-economic results in the first half of the year. Based on these outcomes, CIEM has developed two macroeconomic forecast scenarios for 2024.

Multiple tasks directed by the Government to stimulate growth and control inflation

14:45 | 24/06/2024 Headlines

VCN - The government recently issued Resolution No. 93/NQ-CP concerning the principal tasks and solutions for fostering growth, controlling inflation, and stabilizing the macroeconomy.

Vietnam automobile market and support problem

07:54 | 04/06/2024 Import-Export

VCN - Continuing the downward trend of 2023 (up to 25%), in the first 4 months of 2024, the number of cars consumed on the market is still falling to a worrying level, high inventory, causing difficulties for automobile manufacturing and trading enterprises. The question is how the Vietnamese automobile industry will develop and how competitive the products will be in the context of the import tax reduction roadmap implemented when Vietnam implements its commitments in the Free Trade Agreement between Vietnam and the European Union (EVFTA).

Understanding commitments to make effective use of tariff preferences to implement FTAs

16:50 | 24/05/2023 Finance

VCN - Workshop on Effective implementation of commitments on preferential export tax and special preferential import tax of Vietnam in implementing free trade agreements (FTAs) has just been held by the Department of International Cooperation (Ministry of Finance). According to representatives of management agencies and enterprises, for the implementation of tariff commitments to implement FTAs effectively, enterprises need to learn about tariff commitments and take appropriate preparatory actions actively.

Latest News

Promoting review, classification and management of tax debt

09:53 | 21/07/2024 Regulations

VCN - According to the General Department of Customs, the amount of overdue debt recovered and processed in the first 6 months of 2024 for the all Customs sector reached VND 349 billion. To ensure completion of tax debt collection and settlement targets, the General Department of Customs requires units to focus on reviewing debt management records to effectively implement measures to urge, collect and handle tax debt.

Documents required for vehicles transporting cargo across Lang Son Border Gate from August 1

09:50 | 20/07/2024 Regulations

VCN - VCN- Vehicles carrying import and export cargo across customs clearance routes and specialized roads in the international border gate pair of Huu Nghi (Vietnam) - Huu Nghi Quan (China) must comply with international treaties and regulations of Vietnam Law. Accordingly, the vehicles transporting import and export cargo across Lang Son border gates are required to have at least seven valid documents from August 1, 2024, Lang Son Department of Industry and Trade notified.

Does goods imported for investment incentives project subjected to tax exemption?

09:38 | 12/07/2024 Regulations

VCN - That is the problem of Ba Ria - Vung Tau Customs Department related to processing tax exemption documents for imported goods to serve investment incentive projects.

Border gate area planning associated with digital transformation needs to prioritize human resources, equipment, and infrastructure

09:43 | 09/07/2024 Regulations

VCN - According to Lang Son Customs Department, to implement the master plan of the land border gate area associated with the goal of digital transformation, in which, to ensure successful implementation of the Customs Development Strategy until 2023, Building digital Customs, a smart Customs model, it is necessary to review and evaluate the overall system of land border gates, paying attention to investment in equipment, facilities, and human resources.

More News

Proposal to reduce registration fees to restore growth of domestic automobile industry

09:33 | 07/07/2024 Regulations

VCN - Facing the significant decline in auto market sales in the last months of 2023 and early 2024, the Ministry of Finance is asking for opinions from ministries, central agencies and relevant agencies on continuing to reduce registration fee to restore growth of the domestic automobile industry amid many difficulties and challenges in the economy.

VAT reform promotes sustainable development of the agricultural sector

10:19 | 06/07/2024 Regulations

VCN - In the revised Draft Law on Value Added Tax (VAT), the conversion of fertilizers and specialized machinery and equipment serving agricultural production to applying 5% VAT since it belongs to the group of subjects not subject to tax according to current law, it is a content that receives attention from the business community, especially fertilizer production enterprises. According to experts and businesses, converting this item to a taxable object will have a huge impact on agricultural production.

Customs implements VAT reduction policy from July 1st

15:58 | 01/07/2024 Regulations

VCN - To implement the contents relating to customs field, General Department of Vietnam Customs requested local customs departments to reduce VAT for group of commodities as stipulated at Decree 72/2024/NĐ-CP.

Amend the Law on Corporate Income Tax to ensure stable revenue sources for the budget

10:43 | 24/06/2024 Regulations

VCN - According to the Ministry of Finance, the amendment of the Law on Corporate Income Tax (CIT) aims to overcome inadequacies and overlaps, ensure stable revenue sources for the state budget, and contribute to restructuring state budget revenues in a sustainable direction.

List of imported and exported medicine and medicinal ingredients identified commodity codes

10:11 | 23/06/2024 Regulations

VCN – 14 lists of imported and exported medicine and medicinal ingredients for human use and cosmetics that have been identified commodity codes under Vietnam’s Imports and Exports Nomenclature, have been approved and issued by the Ministry of Health from July 26, 2024.

Hundreds of tons of imported raw cashew nuts stuck in quarantine

07:50 | 22/06/2024 Regulations

VCN – A company is facing problems with plant quarantine regulations when carrying out procedures to import over 384 tons of "raw cashew nuts, originating from Tanzania" from a bonded warehouse in Dong Nai.

Extend deadline for paying Special Consumption Tax on domestically produced and assembled cars

07:49 | 22/06/2024 Regulations

VCN – The Government has issued Decree 65/2024/ND-CP dated June 17,2024 extending the deadline for paying Special Consumption Tax on domestically produced and assembled cars. The Decree takes effect from the date of signing until December 31, 2024.

Extend the deadline for paying taxes and land rent in 2024

13:45 | 21/06/2024 Regulations

VCN - The Government has just issued Decree No. 64/2024/ND-CP dated June 17, 2024 extending the deadline for paying value added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent in 2024. This Decree takes effect from June 17, 2024 to December 31, 2024. After the extension period according to this Decree, the deadline for paying taxes and land rent will comply with current regulations.

Tax payment deadline for domestic cars extended

14:35 | 18/06/2024 Regulations

The Government has decided to extend the deadline for special consumption tax payment for domestically manufactured or assembled automobiles.

Your care

Latest Most read

Promoting review, classification and management of tax debt

09:53 | 21/07/2024 Regulations

According to the General Department of Customs, the amount of overdue debt recovered and processed in the first 6 months of 2024 for the all Customs sector reached VND 349 billion.

Documents required for vehicles transporting cargo across Lang Son Border Gate from August 1

09:50 | 20/07/2024 Regulations

VCN - On July 18, Lang Son Department of Industry and Trade notified the method of delivery and receipt of import and export cargo transported across customs clearance routes and specialized roads in the International Border Gate pair of Huu Nghi (Vietnam

Does goods imported for investment incentives project subjected to tax exemption?

09:38 | 12/07/2024 Regulations

That is the problem of Ba Ria - Vung Tau Customs Department related to processing tax exemption documents for imported goods to serve investment incentive projects.

Border gate area planning associated with digital transformation needs to prioritize human resources, equipment, and infrastructure

09:43 | 09/07/2024 Regulations

Proposal to reduce registration fees to restore growth of domestic automobile industry

09:33 | 07/07/2024 Regulations