Chinese fruits entering Vietnam are not taxed.

Many types of fruit originating from China will soon be exempted from taxes when entering the Vietnamese market under the ASEAN-China Free Trade Agreement (ACFTA).

According to the commitment when joining ACFTA, thousands of goods from ACFTA member countries will enjoy 0% preferential tax when entering Vietnam if they have a certificate of origin (C/O) prescribed by the Ministry of Industry and Trade.

ACFTA member countries include China, Philippines, Thailand, Singapore, Myanmar, Malaysia, Laos, Indonesia, Cambodia, Brunei.

The government has just announced a list of goods that will enjoy special preferential taxes thanks to this agreement. Accordingly, live animals used for breeding; many types of meat, many types of frozen seafood and fruits will be exempted from tax when entering Vietnam.

Fruits from China, Laos, etc. will be exempted from tax when entering the Vietnamese market. Photo: Ngoc Dung.

Cars with 30 or more passengers used exclusively in airports will be taxed at 20% until 2018. Passenger cars designed from 6-18 tons will be taxed at 50% in 2018.

Automobiles and other motor vehicles designed primarily to carry people for golf, small racing cars, sports cars are taxed at 5% and will be reduced to 0% in 2018. Cranes, drilling rigs, 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 types are taxed at 45%, however, some specialized types will be reduced to 0% in 2018. Meanwhile, aircraft, spacecraft, ships, boats, fishing boats, yachts or medical materials are immediately taxed at 0%.

According to Zing