To promulgate a special preferential import tariff schedule for the implementation of the RCEP Agreement

Published on 12 - 01 - 2023
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On 30/12/2022, the Government issued Decree No. 129/2022/ND-CP on Vietnam's special preferential import tariff schedule to implement the Regional Comprehensive Economic Partnership Agreement for the period of 2022-2027.

This Decree prescribes Vietnam's special preferential import tariff schedule for the implementation of the Regional Comprehensive Economic Partnership (RCEP) for the period of 2022 - 2027 and the conditions for enjoying specifical preferential import tariff schedule under this Agreement.

Accordingly, imported goods eligible for RCEP tax rates must fully satisfy the following conditions:

Belonging to the special preferential import tariff schedule promulgated together with this Decree.

Imported from countries that are members of the RCEP Agreement, including the following countries and territories: Brunei Darussalam; Kingdom of Cambodia; Republic of Indonesia; Lao People's Democratic Republic; Malaysia; Republic of Singapore; Thailand Kingdom; Australia; People's Republic of China (China); Republic of Korea (Korea); Japan; New Zealand).

To meet the regulations on origin of goods (including regulations on direct transport) and have proof of origin in accordance with the provisions of the RCEP Agreement and current provision of the law.

Goods imported from Vietnam's non-tariff zones into the domestic market that are eligible for special preferential import tariff schedule under the RCEP Agreement must fully satisfy the conditions specified in this Decree.

Goods imported from a member country of the RCEP Agreement (including goods from a free trade zone of Vietnam), if the conditions specified in this Decree are satisfied and there is no RCEP tax rate difference between the Tax Schedule Annexes issued together with this Decree shall apply the RCEP tax rates in the Appendix to the Tariff for that member country.

Goods imported from a member country of the RCEP Agreement (including goods from a non-tariff zone of Vietnam), if they meet the conditions specified in this Decree and have different RCEP tax rates between the Tax Schedule Annexes issued together with this Decree, the applicable RCEP tax rates are as follows:

a) The tax rate in the Annex to the Tariff is for a member country that is determined to be the country of origin in accordance with the current provision of law.

b- In case point a above is not applied, the importer is entitled to declare at one of the RCEP tax rates below: The highest tax rate in the Schedule Appendices applies to the same goods originating from member countries of the RCEP Agreement (including the non-tariff zone of Vietnam), that contribute originating materials used in the production of the imported good, provided that the importer can demonstrate declaration information; the highest tax rate in the Appendices of the Tariff is applicable to the same goods originating from the member countries of the RCEP Agreement (including the non-tariff zone of Vietnam).

This Decree takes effect from the date of signing for promulgation.

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