Regulation on goods exempted from export, import tariffs under int’l treaties
The Government’s Decree No.18/2021/ND-CP dated March 11, 2021, has added a stipulation on the exemption of export and import duties of goods in line with international treaties to which Viet Nam is a member.
Latest
 |
| Import-export activities in Viet Nam. (Photo: Cong Thuong) |
Decree No.18/2021/ND-CP amends and supplements several articles of Decree No.134/2016/ND-CP dated September 1, 2016, stipulating in detail the implementation of the Law on Export Duty and Import Duty.
Under Article 29a of Decree 18, the determination of goods eligible for import or export tax waiver should be made based on the types and quantities of goods specified in a treaty; or confirmation documents issued by the agency proposing the signing of or joining a treaty or a specialized management agency in case the international treaty does not specify the categories and quantities of goods.
In case an international treaty does not specify categories and quantities of goods subject to duty exemption, organisations and individuals using tax-free goods must make written requests to the agency proposing the signing of or joining a treaty or a specialized management agency to confirm the categories and quantities of such goods.
Within 15 days from receiving the request, the agency must reply with documents confirming the categories and quantities of goods eligible for duty exemption or refusing the confirmation in case the mentioned goods are not covered by the international treaty.
Decree 18 will take effect on April 25, 2021.
(Source: VNA)
Tags:
