Home / Conditions for application of special preferential import tax under the UKVFTA Agreement

Conditions for application of special preferential import tax under the UKVFTA Agreement

27/05/2021

On May 21, 2021, the Government issued Decree 53/2021/ND-CP on Vietnam's Preferential Export Tariff and Special Preferential Import Tariff to implement the UKVFTA Agreement from 2021 to 2022.

Accordingly, imported goods eligible for special preferential import tax rates under the UKVFTA Agreement must fully satisfy the following conditions:

- Belongs to the special preferential import tariff schedule specified in Appendix II issued together with Decree 53.

- Imported into Vietnam from:

+ United Kingdom of Great Britain and Northern Ireland;

+ Socialist Republic of Vietnam (Goods imported from non-tariff zones into the domestic market).

- Meet the regulations on origin of goods and have proof of origin according to the provisions of the UKVFTA Agreement.

Decree 53/2021/ND-CP  takes effect from May 21, 2021.