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blue-check New points of MFN and Non-MFN Tariffs applicable from July 15th, 2023

Official letter No. 3173/TCHQ-TXNK dated June 21st, 2023 of the General Department of Vietnam Customs regarding implementation of Decree No. 26/2023/ND-CP and Decision No. 15/2023/QD-TTg dated May 31st, 2023 regarding Tariffs
Posted: 23/6/2023 9:46:14 AM | Latest updated: 23/7/2023 6:31:01 AM (GMT+7) | LuatVietnam: 5726 | Vietlaw: 621
VietlawOnline

This Official letter is to mention new changes of preferential import, export Tariffs and normal import Tariff promulgated at Decree No. 26/2023/ND-CP and Decision No. 15/2023/QD-TTg, applicable from July 15th, 2023.

Accordingly, with regard to the preferential export Tariff, there are some adjustments as follows: the preferential duty rate of 5% shall be uniformly applied to fertilizers (except those of some headings to which the duty rate of 0% shall be applied); export duty rate applied to wood charcoal shall be reduced from 10% to 5%; export duty rates applied to unwrought zinc, unwrought tin shall be increased from 5% to 10%.

With regard to the preferential import Tariff, there are some adjustments as follows: preferential import duty rates imposed on Ethanol shall be reduced from 15% to 10%; the preferential import duty rate of 50% shall be applied to all cigarette products of heading 24.04; preferential import duty rates imposed on articles of headings 2710.12 shall be reduced from 20% to 10%; preferential import duty rates imposed on articles mentioned in subheadings 2710.19.90 and 2710.20.00 shall be reduced from 5% to 0%; preferential import duty rate applied to new pneumatic tyres, of rubber shall be reduced from 25% to 20%.

With regard to the normal import Tariff, normal import duty rates applicable to some goods items of HS codes: 2710.19.90, 2710.20.00, 2713.90.00, 2901.22.00 shall be reduced to 0%.

In addition, another noticeable point of Decree No. 26/2023/ND-CP is the amendment to conditions for applying the tax incentive program for auto components. Especially, the condition on the discrete extent shall be removed.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 621

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Thuế MFNCập nhật đến: 24-Jul-2023

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