On 31st May, 2023:
1. The Government issued Decree No. 26/2023/ND-CP (Decree 26) promulgated the export tariff schedule, Most Favoured Nation (“MFN”) import tariff schedule, list of goods and absolute tariff, mixed tariff, out-of-quota tariff.
2. The Prime Minister signed off Decision No. 15/2023/QD-TTg (Decision 15) promulgating the normal import tariff applied to imported goods
The new export and import tariff schedule will be effective from 15th July 2023.
In Decree No. 26, three main groups of contents have been amended and supplemented, such as
- Converting the export tariff schedule, Most Favoured Nation import tariff schedule, list of goods and absolute tariff, mixed tariff, out-of-quota tariff to ensure compliance with the ASEAN Harmonized Tariff Nomenclature (AHTN) 2022.
- Consolidate regulations related to the import and export tariff which have been amended and supplemented since 2016 to continue promoting administrative procedure reform, simplifying and facilitating customs as well as enterprises in the process of searching and implementing.
- Amending and supplementing export tax rates and preferential import tax rates of some goods to overcome obstacles and difficulties in the implementation process on the basis of recommendations of ministries, branches and associations, enterprise.
In Decision 15 promulgated the normal import tariff applied to imported goods
- In particular, the normal import tariff will be applied to goods imported from countries that do not have MFN treatment with Vietnam and is set at 150% of the preferential tax rate of each respective item. In case the preferential tax rate is 0%, the normal tax rate of 5% will be applied.
To get more information about the export tariff schedule, Most Favoured Nation (“MFN”) import tariff schedule, list of goods and absolute tariff, mixed tariff, out-of-quota tariff and the normal import tariff, please kindly visit the link:
https://vanban.chinhphu.vn/?pageid=27160&docid=208020 and https://vanban.chinhphu.vn/?pageid=27160&docid=207990&classid=1