Decree No. 57/2020/ND-CP amending the Decree No. 122/2016/ND-CP and Decree No. 125/2017/ND-CP

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ATTRIBUTE

Decree No. 57/2020/ND-CP dated May 25, 2020 of the Government amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP of September 01, 2016, on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, compound duty rates and out-of-quota import duty rates, and Decree No. 125/2017/ND-CP of November 16, 2017, amending and supplementing a number of articles of Decree No. 122/2016/ND-CP
Issuing body: GovernmentEffective date:
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Official number:57/2020/ND-CPSigner:Nguyen Xuan Phuc
Type:DecreeExpiry date:
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Issuing date:25/05/2020Effect status:
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Fields:Tax - Fee - Charge

SUMMARY

From July 10, to impose the incentive duty rate of 0% for many imported components for automobile assemble

On May 25, 2020, the Government promulgates the Decree No. 57/2020/ND-CP on amending and supplementing a number of articles of the Decree No. 122/2016/ND-CP dated September 01, 2016 on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, combined duty rates and out-of-quota duty rates and the Decree No. 125/2017/ND-CP dated November 16, 2017 on amending and supplementing a number of articles of the Decree No. 122/2016/ND-CP.

To be specific, at the time of registering customs declarations, the customs declarant shall declare and pay import duty of imported raw materials, supplies and components at ordinary duty rates, preferential duty rates or especially preferential duty rates under current regulations, not yet apply the duty rate of 0%.

The application of the preferential import duty rates of 0% for raw materials, supplies and components which the country not yet able to produce for production, processing (assembly) of products supporting development priority for the automobile manufacturing and assembly industry (hereinafter referred to as products of automobile support industry) shall provide for the following subjects:

Firstly, enterprises manufacturing, processing (assembling) automobile components and spare parts.

Secondly, enterprises manufacturing, assembling automobile and manufacturing, processing (assembling) automobile components and spare parts by themselves.

In which, enterprises manufacturing, processing (assembling) automobile components and spare parts must have a contract on sale and purchase of industrial automobile supporting products with enterprises manufacturing and assembling automobile with a certificate of eligibility for automobile manufacture and assembly issued by the Ministry of Industry and Trade...

This Decree takes effect from July 10, 2020.

 

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TTXVN

THE GOVERNMENT

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 57/2020/ND-CP

 

Hanoi, May 25, 2020

 

DECREE

Amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP of September 1, 2016, on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, compound duty rates and out-of-quota import duty rates, and Decree No. 125/2017/ND-CP of November 16, 2017, amending and supplementing a number of articles of Decree No. 122/2016/ND-CP[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 November 29, 2006 Law on Tax Administration, and the November 20, 2012 Law Amending and Supplementing a Number of Articles of the Law on Tax Administration;

Pursuant to the June 23, 2014 Law on Customs;

Pursuant to the National Assembly’s Resolution No. 71/2006/QH11 of November 29, 2006, ratifying the Protocol on Accession of the Socialist Republic of Vietnam to the Agreement Establishing the World Trade Organization;

At the proposal of the Minister of Finance;

The Government promulgates the Decree amending and supplementing a number of articles of the Government’s Decree No. 122/2016/ND-CP of September 1, 2016, on the Export Tariff, the Preferential Import Tariff and the list of commodity items and their specific duty rates, compound duty rates and out-of-quota import duty rates, and Decree No. 125/2017/ND-CP of November 16, 2017, amending and supplementing a number of articles of Decree No. 122/2016/ND-CP.

 

Article 1. To amend and supplement a number of articles of Decree No. 122/2016/ND-CP

1. To amend and supplement Clause 1, Article 5 as follows:

“Article 5. Preferential Import Tariff according to the list of dutiable commodity items

The Preferential Import Tariff according to the list of dutiable commodity items in Appendix II includes:

1. Section I: Provisions on preferential import duty rates applicable to 97 chapters according to Vietnam’s list of exports and imports, including titles of Parts, Chapters, Part Annotations and Chapter Annotations; the Import Tariff with commodity descriptions (names of groups of commodity items and names of commodity items), commodity headings (8-digit) according to Vietnam’s list of exports and imports and preferential import duty rates for dutiable commodity items.

In case Vietnam’s list of exports and imports is modified, customs declarants shall additionally declare commodity descriptions and headings according to the modified list of exports and imports and apply duty rates applicable to modified commodity headings.”

2. To add the following Article 7b:

“Article 7b. Preferential import duty rates applicable to materials, supplies and parts for manufacture or processing (assembly) of support industrial products prioritized for development for automobile manufacture and assembly industries in the 2020-2024 period (below referred to as the Program on duty incentives for automobile support industries)

1. Provisions on the preferential import duty rate of 0% applicable to materials, supplies and parts that cannot be domestically manufactured for manufacture or processing (assembly) of support products prioritized for development for automobile manufacture and assembly industries (below referred to as automobile support industrial products).

a/ At the time of declaration registration, customs declarants shall make declarations and calculate import duty for imported materials, supplies and parts at ordinary import duty rates or preferential import duty rates or specially preferential import duty rates under regulations, and are not yet entitled to the duty rate of 0%.

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[1] Công Báo Nos 609-610 (06/6/2020)

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