The Government has just issued Decree No. 112/2022/ND-CP Vietnam's special preferential import tariffs to implement the Free Trade Agreement between the Government of the Socialist Republic of Vietnam and the Government of Vietnam. Republic of Chile (referred to as VCFTA Agreement) period 2022 - 2027.

According to the Decree, subjects of application include: Taxpayers according to the provisions of the Law on Import Tax and Export Tax; customs authorities, customs officers; organizations and individuals have rights and obligations related to imported and exported goods.

In the period of 2022 -2017, the special preferential import tariff between Vietnam and Chile will have many new regulations

Vietnam's special preferential import tariff schedule for the implementation of the VCFTA Agreement in the period of 2022 - 2027 (referred to as the Special Preferential Import Tariff for short) includes goods code, description of goods, and preferential import tax rates. special treatment in stages imported from the territory according to regulations for each product code.

The column "Item code" and column "Description of goods" in the Special Preferential Import Tariffs issued together with this Decree are built on the basis of the List of exported and imported goods of Vietnam and detailed according to the provisions of this Decree. issue an 8-digit or 10-digit code.

In case the List of Vietnam's exports and imports is amended or supplemented, the customs declarant shall declare the description and code of the goods according to the amended and supplemented list of imported and exported goods. The tax rates of goods codes are amended and supplemented as prescribed in the Special Preferential Import Tariffs issued together with this Decree.

Tax rates apply for different periods, including:

Column "2022": Tax rates apply from December 30, 2022 to the end of December 31, 2022;

Column "2023": Tax rates apply from January 1, 2023 to the end of December 31, 2023;

Column "2024": Tax rates apply from January 1, 2024 to the end of December 31, 2024;

Column "2025": Tax rates apply from January 1, 2025 to the end of December 31, 2025;

Column "2026": Tax rates apply from January 1, 2026 to the end of December 31, 2026;

Column "2027: Tax rates apply from January 1, 2027 to the end of December 31, 2027.

Imported goods eligible for special preferential import tax rates under the VCFTA must fully satisfy the following conditions: Belonging to the special preferential import tax schedule attached to this Decree; Imported into Vietnam from the Republic of Chile; meet the regulations on origin of goods (including regulations on direct transportation) and have documents certifying the origin of goods according to the provisions of the VCFTA Agreement.