July 18, 2018 10:11

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WTO commitments: Only tariff on cars has not been cut up

08:55 | 13/02/2018

VCN - According to the roadmap of WTO commitments, every year from 2007, the Ministry of Finance promulgated decisions and circulars on the Export Tariff, the Preferential Import Tariff, the List of Goods and absolute tax rate, the compound tax rate on used cars and the List of goods and import tariff outside the tariff quotas for goods subject to the tariff quotas.

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wto commitments only tariff on cars has not been cut up
Imported car at Da Nang port. Picture: Ngoc Linh

Implementing the Law on Import and Export Duties No. 107/2016 / QH13, the Ministry of Finance has submitted to the Government for promulgation Decree No. 122/2016 / ND-CP on the Import and Export Tariff and Preferential Import and Export Tariff, List of goods and absolute tax rate, complex tax rate and import tax outside the tariff quotas.

By 2017, the average tariff of Vietnam's import tariff under Decree 122/2016 / ND-CP is 10.57%, lower than the tariff ceiling committed to cut about 3%. The export Tariff includes 123 commodity groups according 4-digit HS, in which according to the proportion of commodity lines, the goods subject to export tax currently are mainly minerals and metal ores.

So far, basically most of the commodities have been fully cut under the WTO commitments, except for some car types subject to heading 87.03 and 87.04, which will be cut by 2019.

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VCN – After several commitments about tax debts payment, and deadline for the tax commitment passed over ...

To unify the implementation of the ASEAN Harmonized Tariff Nomenclature under commitments in the ASEAN region and provisions of Decree No. 08/2015 / ND-CP, the Government has issued Decree No. 125/2017 / ND- CP dated 16th November 2017 to amend and supplement Decree 122/2016 / ND-CP.

By Hong Van/ Huyen Trang