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Vietnam’s preferential export tariff schedule and special preferential import tariff schedule for implementation of UKVFTA in the 2021 - 2022 period

Thu Hong  15/06/2021 12:00 AM
 

On May 21st, 2021, the Government promulgates Decree No.53/2021/ND-CP  promulgated Vietnam’s preferential export tariff schedule and special preferential import tariff schedule for implementation of the Free Trade Agreement between the Socialist Republic of Viet Nam and the United Kingdom of Great Britain and Northern Ireland in the 2021 - 2022 period.

This Decree promulgates Vietnam’s preferential export tariff schedule and special preferential import tariff schedule for implementation of the Free Trade Agreement between the Socialist Republic of Viet Nam and the United Kingdom of Great Britain and Northern Ireland (hereinafter referred to as “UKVFTA”) in the 2021 - 2022 period and conditions for grant of such preferential export tariff rates and special preferential import tariff rates under UKVFTA.

This Decree encloses (i) Annex I - Vietnam’s preferential export tariff schedule for implementation of UKVFTA: including codes and description of goods, and preferential export tariff rates applied in different periods to goods exported to the United Kingdom of Great Britain and Northern Ireland for each code; and (ii) Annex II - Vietnam’s special preferential import tariff schedule for implementation of UKVFTA: including codes and description of goods, and special preferential import tariff rates applied in different periods to goods imported to Vietnam from the territories specified in Point b Clause 3 Article 5 hereof for each code.

 “Code" and “Description of goods” in two Annexes are compiled according to Vietnam’s import and export classification nomenclature coding to 8-digit or 10-digit coding system. In case where Vietnam’s import and export classification nomenclature is amended, customs declarants must use descriptions and codes of goods according to the amended nomenclature as well as duty rates on goods with amended codes as specified in the Annexes enclosed herewith. Classification of goods shall comply with regulations of the law of Vietnam.

Goods which are not included in the preferential export tariff schedule in Annex I are included in the export tariff schedule enumerated in the list of taxable goods in Decree No. 57/2020/ND-CP dated May 25, 2020 providing amendments and supplements to several Articles of Decree No. 122/2016/ND-CP dated September 1, 2016 on export and preferential import tariff schedules, lists of products, absolute, mixed and out-of-quota import duty rates, and to Decree No. 125/2017/ND-CP dated November 16, 2017, amending and supplementing several Articles of Decree No. 122/2016/ND-CP (hereinafter referred to as “Decree No. 57/2020/ND-CP”) and its amending documents (if any) shall be eligible for the duty rate of 0% when they are exported to the United Kingdom of Great Britain and Northern Ireland.

Conditions for grant of preferential export tariff rates under UKVFTA for goods exported from Vietnam:

- They are imported to the United Kingdom of Great Britain and Northern Ireland.

- They are supported by transport documents (copies) on which the country of destination is the United Kingdom of Great Britain and Northern Ireland.

- There are import declarations proving that goods are exported from Vietnam to the United Kingdom of Great Britain and the declaration is made in a language other than English).

Procedures for application of preferential export tariff rates under UKVFTA:

- When following customs procedures, the customs declarant shall make the export declaration, apply the export tariff rate, calculate and pay export duties according to the export tariff schedule enumerated in the list of taxable goods in Decree No. 57/2020/ND-CP and its amending documents (if any);

- Within 01 year from the date of registration of export declaration, the customs declarant shall submit adequate documents proving that the goods meet the regulated conditions and make an additional declaration to apply the preferential export tariff schedule under UKVFTA. After this 01-year time limit, exports are no longer eligible for the preferential export tariff rates under UKVFTA;

- Customs authorities shall check received documents and the preferential export tariff rates according to the preferential export tariff schedule in Annex I, and if the exports meet the above regulated conditions, grant the preferential export tariff rates under UKVFTA and settle the overpaid export duties for the customs declaration in accordance with regulations of the Law on tax administration.

Conditions for grant of special preferential import tariff rates under UKVFTA:

- They are included in the special preferential import tariff schedule in Annex II enclosed herewith.

- They are imported to Vietnam from: (i) the United Kingdom of Great Britain and Northern Ireland; or (ii) the Socialist Republic of Vietnam (goods imported from free trade zones to the domestic market).

- They meet requirements pertaining to origin of goods and are supported by proofs of origin as provided for in UKVFTA.

In addition, on June 3, 2021, the General Department of Customs also issued Official Letter No. 2743/TCHQ-TXNK guiding the uniform implementation of the provisions of Decree 53/2021/ND-CP to the Local Customs Departments, as follows:

- For imported goods that satisfy the conditions specified in Clause 3, Article 5 of Decree No. 53/2021/ND-CP, the customs declarant shall be instructed to declare Tariff Schedule B26 on the import declaration.

- Regarding the handling of overpaid tax on customs declarations registered from January 1, 2021, the Local Customs Departments shall check received documents, check the origin of goods according to the provisions of UKVFTA Agreement, check the preferential export tariff rates, special preferential import tariff rates specified in Decree 53/2021/ND-CP and guiding documents. If imported or exported goods fully satisfy the conditions for grant of the preferential export tariff rates and special preferential import tariff rates under the UKVFTA, the enterprises shall be guided to make additional declarations and settled the overpaid export duties according to the provisions of Clause 2, Article 6 of Decree No. 53/2021/ND-CP and Clauses 64 and 65, Article 1 of Circular 39/2018/TT-BTC dated April 20, 2018.

 

 

CurrencyEffective dateExchange rate
USD13/09/202122,670.00 đ
EUR13/09/202126,521.20 đ
JPY13/09/2021204.09 đ
GBP13/09/202130,951.12 đ
CHF13/09/202124,397.39 đ
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CAD13/09/202117,660.59 đ
SEK13/09/20212,586.53 đ
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DKK13/09/20213,557.57 đ
RUB13/09/2021310.97 đ
NZD16/09/202116,371.46 đ
HKD13/09/20212,883.25 đ
SGD13/09/202116,690.47 đ
MYR13/09/20215,435.28 đ
THB13/09/2021683.93 đ
IDR16/09/20211.62 đ
KRW13/09/202118.73 đ
INR13/09/2021308.91 đ
TWD16/09/2021834.76 đ
CNY13/09/20213,490.44 đ
KHR16/09/20215.68 đ
LAK16/09/20212.42 đ
MOP16/09/20212,885.30 đ
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