Headlines 07/06/2023 17:13 CH

New regulation of Vietnam on application of ordinary import duties

Tiến Đạt

Recently, the Prime Minister of Vietnam promulgated Decision No. 15/2023/QD-TTg on the application of ordinary import duties.

Scope and regulated entities

- Scope: Decision No. 15/2023/QD-TTg provides for the application of ordinary import duties according to Point c Clause 3 Article 5 of the Law on Export and Import Duties 2016, specifically:

- Regulated entities:

+ Owners of imports and exports;

+ Organizations and individuals with rights and obligations related to goods export and import;

+ Customs authorities and customs officials;

+ Relevant agencies, organizations, and individuals when performing policies on import and export duties according to the Law on Export and Import Duties 2016.

- The ordinary import duty tariff enclosed with Decision No. 15/2023/QD-TTg includes:

+ A list (descriptions and 8-digit codes) of goods with 0% preferential import duty rates prescribed in Sections I and II of Appendix II of Decree No. 26/2023/ND-CP on import tariffs and preferential import tariffs, list of goods and its fixed duties, mixed duties,  and out-quota import duties.

+ Ordinary import duty rates applicable to each item in the ordinary import duty tariff in the Appendix enclosed with Decision No. 15/2023/QD-TTg.  

- Regarding imports not included in the list of the ordinary import duty tariff in the Appendix enclosed with Decision No. 15/2023/QD-TTg and not subject to cases of imports subject to preferential duties or special preferential duties according to Points a and b Clause 3 Article 5 of the Law on Export and Import Duties 2016, an ordinary import duty rate equal to 150% of the preferential import duty rates applicable to each corresponding item in Appendix II of Decree No. 26/2023/ND-CP shall be applied.

See more details in Decision No. 15/2023/QD-TTg of the Prime Minister of Vietnam, effective as of July 15, 2023.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

Above are the summary and notification of new documents for customers of THU VIEN PHAP LUAT. For more information, please send an email to [email protected].

2.049

More headlines

Most Viewed

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: inf[email protected]

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status