The new regulations on preferential import and export tax of Vietnam to implement the CPTPP Agreement

On 21/01/2025, the Government issued Decree No. 13/2025/ND-CP amending and supplementing a number of articles of Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgating the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP Agreement) for the period 2022 - 2027, amending and supplementing a number of articles according to Decree No. 68/2023/ND-CP dated September 7, 2023 of the Government. Specifically:

The Decree No. 13/2025/ND-CP adds Clause 4d after Clause 4, Article 4 as follows:

“4d. The tax rates applicable to the United Kingdom of Great Britain and Northern Ireland (including the three territories of the Territory of Guernsey, the Territory of Jersey and the Isle of Man) for the period 2024 - 2027 are specified in Appendix I:

a) From 15 December 2024 to 31 December 2024 in the column marked “(IV)”.

b) From 01 January 2025 to 31 December 2025 in the column marked “(V)”.

c) From 01 January 2026 to 31 December 2026 in the column marked “(VI)”.

d) From January 1, 2027 to December 31, 2027, in the column marked “(VII)””

The Decree No. 13/2025/ND-CP amends and supplements Point a, Clause 5, Article 4 as follows:

“a) Imported into the territories of countries as prescribed in the CPTPP Agreement, including: Australia; Canada; Japan; the Mexican Federation; New Zealand; the Republic of Singapore; the Republic of Peru, Malaysia, the Republic of Chile, Brunei Darussalam, the United Kingdom of Great Britain and Northern Ireland (including the three territories of the Territory of Guernsey, the Territory of Jersey and the Isle of Man).”

The Decree No. 13/2025/ND-CP adds Clause 6d after Clause 6, Article 5 as follows:

“6d. The tax rates applicable to the United Kingdom of Great Britain and Northern Ireland (including the three territories of the Territory of Guernsey, the Territory of Jersey and the Isle of Man) for the period 2024 - 2027 are specified in Appendix II as follows:

a) From December 15, 2024 to December 31, 2024 in the column marked “(IV)”.

b) From January 1, 2025 to December 31, 2025 in the column marked “(V)”.

c) From January 1, 2026 to December 31, 2026 in the column marked “(VI)”.

d) From January 1, 2027 to December 31, 2027 in the column marked “(VII)”.

The Decree No. 13/2025/ND-CP amends and supplements Point b, Clause 7, Article 5 as follows:

“b) Imported into Vietnam from member countries of the CPTPP Agreement, including: Australia; Canada; Japan; the Mexican Federation; New Zealand; the Republic of Singapore; the Republic of Peru, Malaysia, the Republic of Chile, Brunei Darussalam, the United Kingdom of Great Britain and Northern Ireland (including the three territories of the Territory of Guernsey, the Territory of Jersey and the Isle of Man).”

This Decree takes effect from January 21, 2025 to December 31, 2027.

The Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgates the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership for the period 2022 - 2027, the Decree No. 68/2023/ND-CP dated September 7, 2023 of the Government amending and supplementing a number of articles of Decree No. 115/2022/ND-CP takes effect until December 31, 2027.

The Decree clearly states that for customs declarations of goods exported from Vietnam to the United Kingdom of Great Britain and Northern Ireland (including the three overseas territories of the Territory of Guernsey, the Territory of Jersey and the Isle of Man) or imported into Vietnam from the United Kingdom of Great Britain and Northern Ireland (including the three overseas territories of the Territory of Guernsey, the Territory of Jersey and the Isle of Man) registered from December 15, 2024 to before the effective date of this Decree, if they meet all the conditions to enjoy preferential export tax and special preferential import tax prescribed in this Decree, the Decree No. 115/2022/ND-CP amending and supplementing a number of articles according to Decree No. 68/2023/ND-CP and have paid tax at a higher rate, the customs authority will handle the excess tax payment in accordance with the provisions of the law on tax administration.