WTO commitments: Only tariff on cars has not been cut up
Vietnam spends $2.1bn importing 94,000 cars in 2017 | |
Imported cars market: "twisted" under the policy | |
Automobiles and spare parts contribute over VND 1,900 billion of tax at Hai Duong Customs |
Imported car at Da Nang port. Picture: Ngoc Linh |
Implementing the Law on Import and Export Duties No. 107/2016 / QH13, the Ministry of Finance has submitted to the Government for promulgation Decree No. 122/2016 / ND-CP on the Import and Export Tariff and Preferential Import and Export Tariff, List of goods and absolute tax rate, complex tax rate and import tax outside the tariff quotas.
By 2017, the average tariff of Vietnam's import tariff under Decree 122/2016 / ND-CP is 10.57%, lower than the tariff ceiling committed to cut about 3%. The export Tariff includes 123 commodity groups according 4-digit HS, in which according to the proportion of commodity lines, the goods subject to export tax currently are mainly minerals and metal ores.
So far, basically most of the commodities have been fully cut under the WTO commitments, except for some car types subject to heading 87.03 and 87.04, which will be cut by 2019.
The importer of Rolls Royce owes tax debts of nearly 2 billion VND VCN – After several commitments about tax debts payment, and deadline for the tax commitment passed over ... |
To unify the implementation of the ASEAN Harmonized Tariff Nomenclature under commitments in the ASEAN region and provisions of Decree No. 08/2015 / ND-CP, the Government has issued Decree No. 125/2017 / ND- CP dated 16th November 2017 to amend and supplement Decree 122/2016 / ND-CP.
Related News
Tax sector achieves revenue target of about VND1.7 million billion
18:32 | 21/12/2024 Finance
An Giang Customs issues many notes to help businesses improve compliance
09:29 | 20/12/2024 Customs
Achievements in revenue collection are a premise for breakthroughs in 2025
09:57 | 18/12/2024 Customs
Latest News
Vietnam's stock market to develop strongly and sustainably
19:08 | 21/12/2024 Finance
General inventory of public assets raises efficiency of use and management of country's resources
09:29 | 20/12/2024 Finance
Publicizes progress of public investment disbursement for important national projects
15:21 | 19/12/2024 Finance
Six SOEs to be transferred back to industry ministry
15:38 | 18/12/2024 Finance
More News
PM urges stronger measures to manage interest rates
16:53 | 17/12/2024 Finance
Six SOEs to be transferred back to industry ministry
16:48 | 17/12/2024 Finance
Vietnamese products: Conquering foreign customers in supermarket systems
16:45 | 17/12/2024 Finance
Answering many questions from businesses at dialogue conference on tax and customs policies
10:01 | 17/12/2024 Finance
Enterprises face difficulties in tax refunds due to partners closing
10:01 | 17/12/2024 Finance
Strengthen the management and use of electronic invoices for e-commerce
11:24 | 16/12/2024 Finance
Ministry of Finance proposes comprehensive amendments to the Personal Income Tax Law
11:23 | 16/12/2024 Finance
Expansionary fiscal policy halts decline, boosts aggregate demand
19:27 | 14/12/2024 Finance
Ministry of Finance stands by enterprises and citizens
15:30 | 13/12/2024 Finance
Your care
Vietnam's stock market to develop strongly and sustainably
19:08 | 21/12/2024 Finance
Tax sector achieves revenue target of about VND1.7 million billion
18:32 | 21/12/2024 Finance
General inventory of public assets raises efficiency of use and management of country's resources
09:29 | 20/12/2024 Finance
Publicizes progress of public investment disbursement for important national projects
15:21 | 19/12/2024 Finance
Six SOEs to be transferred back to industry ministry
15:38 | 18/12/2024 Finance