Decree No. 111/2020/ND-CP Preferential Export Tariff Schedule under EU Vietnam Trade Agreement during 2020-2022

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ATTRIBUTE

Decree No. 111/2020/ND-CP dated September 18, 2020 of the Government on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union during 2020-2022
Issuing body: GovernmentEffective date:
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Official number:111/2020/ND-CPSigner:Nguyen Xuan Phuc
Type:DecreeExpiry date:
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Issuing date:18/09/2020Effect status:
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Fields:Commerce - Advertising , Export - Import , Tax - Fee - Charge

SUMMARY

Vietnam’s Special Preferential Import Tariff during 2020 - 2022

The Government issues the Decree No. 111/2020/ND-CP on the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam for the implementation of the Free Trade Agreement between the Socialist Republic of Vietnam and European Union in the 2020 - 2022 period on September 18, 2020.

Accordingly, to be eligible for the special preferential import duty rates under the EVFTA, imports must fully satisfy the following conditions: Being specified in the Special Preferential Import Tariff; Being imported into Vietnam from territories of member states of the European Union as prescribed in Appendix III attached to this Decree, United Kingdom of Great Britain and Northern Ireland, the Principality of Andorra; the Republic of San Marino, and the Socialist Republic of Vietnam; Meeting all regulations on the origin of goods and having Certificates of origin in accordance with the EVFTA.

Besides, within 01 year from the date of registration of the export declaration, the customs declarant must submit all documents proving that the goods meet the conditions as prescribed and make an additional declaration to enjoy the preferential export duty rate under the EVFTA. Past the prescribed 1-year time limit, the exported goods shall be no longer eligible for the preferential export duty rate under the EVFTA.

This Decree takes effect on the signing date.

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TTXVN

THE GOVERNMENT

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 111/2020/ND-CP

 

Hanoi, September 18, 2020

 

DECREE

On Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union during 2020-2022[1]

 

Pursuant to the June 19, 2015 Law on Organization of the Government;

Pursuant to the April 6, 2016 Law on Import Duty and Export Duty;

Pursuant to the June 23, 2014 Customs Law;

Pursuant to the June 13, 2019 Law on Tax Administration;

Pursuant to the April 9, 2016 Law on Treaties;

Pursuant to the National Assembly’s Resolution No. 102/2020/QH14 of June 8, 2020, ratifying the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union;

In furtherance of the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union;

At the proposal of the Minister of Finance;

The Government promulgates the Decree on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union during 2020-2022.

 

Article 1. Scope of regulation

This Decree promulgates Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union (EVFTA) during 2020-2022, and conditions for entitlement to the preferential export duty rates and special preferential import duty rates according to this Agreement.

Article 2. Subjects of application

1. Duty payers as specified in the Law on Import Duty and Export Duty.

2. Customs offices and customs officers.

3. Organizations and individuals that have rights and obligations relating to imported and exported goods.

Article 3. Vietnam’s Preferential Export Tariffs and Special Preferential Import Tariffs during 2020-2022

1. To promulgate together with this Decree:

a/ Appendix I - Vietnam’s Preferential Export Tariff to implement EVFTA, covering commodity codes and descriptions and the preferential export duty rate applicable to each commodity code in each time period upon exportation of goods to the territories specified at Point a, Clause 2, Article 4 of this Decree.

b/ Appendix II - Vietnam’s Special Preferential Import Tariff to implement EVFTA, covering commodity codes and descriptions and the special preferential import duty rate applicable to each commodity code in each time period upon importation of goods from the territories specified at Point b, Clause 3, Article 5 of this Decree.

2. Columns “Commodity code” and “Commodity descriptions” in the Appendices to this Decree are formulated on the basis of the Vietnam’s List of imported and exported goods and prescribed in detail according to 8-digit or 10-digit codes.

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[1] Công Báo Nos 905-906 (1/10/2020)

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