The CPTPP Agreement officially comes into force in the Republic of Peru from September 19, 2021. Therefore, Decree No. 21/2022/ND-CP on addition of regulations applicable to Peru is promulgated for implementation of the CPTPP Agreement in the 2019-2022 period. To be specific:
- Addition of regulations on preferential export duty rates and special preferential import duty rates applicable to goods exported from Vietnam to Peru and vice versa.
- Addition of conditions for applying preferential export duty rates and special preferential import duty rates to goods exported from Vietnam to Peru and vice versa.
For customs declarations of Vietnam’s imports and exports from/to Peru that are registered from September 19, 2021 to before March 10, 2022:
If the conditions for applying preferential export tariff or special preferential import tariff prescribed in the Decree No. 57/2019/ND-CP and Decree No. 21/2022/ND-CP have been fully satisfied and the taxpayer has paid tariff at a higher rate, the customs authority shall settle the overpaid tariff amount in accordance with law on tax administration.
Decree No. 21/2022/ND-CP comes into force from March 10, 2022 and replaces Decree No. 57/2019/ND-CP dated June 26, 2019.
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