Announcement of goods entering Vietnam with 0% tax rate

The Government has just announced a list of goods that will enjoy special preferential taxes under the ASEAN-China Trade in Goods Agreement (ACFTA).

Specifically, the list of items with tax elimination and tax reduction under ACFTA commitments is as follows:

About agriculture, are live animals such as buffalo, cows, pigs, live horses, sheep, goats, chickens, ducks, geese, etc. used for breeding. All types of buffalo, beef, pork, fish (except fish fillets) and many other types of frozen seafood such as shrimp, crab, etc. are tax-free.

In addition, there are dairy products, poultry eggs, honey and ivory, shells, horns, claws, corals, and beetles.

Potatoes, root vegetables, tomatoes, onions, garlic, leeks, cabbage, cauliflower, kohlrabi, kale, lettuce, carrots, turnips, beans, asparagus, eggplant, celery, mushrooms, peppers, spinach, squash, corn, cucumbers, sliced ​​cassava, sweet potatoes.

Imported goods have 0% tax, buyers benefit, producers worry. Illustrative photo

Fruit trees include almonds, coconuts, walnuts, pistachios, macadamia nuts, bananas, dates, pineapples, avocados, guavas, mangoes, mangosteens, oranges, tangerines, lemons, grapefruits, watermelons, apples, pears, quinces, apricots, peaches, cherries, plums, raspberries, strawberries, durians, persimmons, blueberries, longans, lychees, rambutans, rambutans, jackfruit, tamarinds, etc.

Coffee, tea, spices, ginger, saffron, corn (except for roasted rice which is taxed at 5%), rice, brown rice (except for Thai Hom Mali rice which is taxed at 20%), wheat flour, other cereals… are all taxed at 0%.

Edible oil from peanuts and palm oil, sunflower seeds, coconut oil, cakes, and preparations from vegetables and fruits. Beverages, alcohol, carbonated water (except beer, wine, and fermented alcohol with a 5% tax), animal feed for poultry and pigs are subject to a 5% tax until 2018, when it will be reduced to 0%.

Organic surfactants (except soaps), surface active preparations, washing and cleaning preparations. Pigments, toothpaste, paints, rubber, textiles, wood and wood products, paper, textiles, cotton, synthetic fibers, clothing, nuclear reactors, steam turbines and other steam turbines.

Thousands of imported goods into Vietnam will have a tax rate of 0%.

Piston type internal combustion engineCompression combustion has a tax rate of 0-20%. Dishwashers, machines for cleaning or drying bottles or other containers, packaging machines, machines for filling aerated beverages, mechanical equipment, cranes, forklifts, agricultural and forestry machines, harvesting machines, threshing machines, milk processing machines, presses, weaving machines, washing machines, machine tools... have a tax rate of 0%.

Locomotive moving on the railway, passenger cars, maintenance vehicles serving in railways, and tractors are all exempt from tax (except crawler tractors).

With automobiles,The tax schedule has significant differences. Accordingly, cars with 30 or more people used in airports are taxed at 20% until 2018. Passenger cars designed from 6-18 tons are taxed at 50% in 2018.

Automobiles and other motor vehicles designed primarily to carry people for golf, small racing cars, and sports cars are taxed at 5% and will be reduced to 0% in 2018. Cranes, drills, rescue vehicles, concrete mixers, road cleaners, and septic tank cleaners are taxed at 0% immediately. Other vehicles are taxed at 50% in 2018.

Motorcycles of all kindsThe tax rate is 45%, however, some specialized products will be reduced to 0% in 2018. Meanwhile, aircraft, spacecraft, ships, boats, fishing boats, yachts or medical materials will be immediately taxed at 0%.

According to vneconomy