How to calculate import tax rates from July 15

Article 10 of Decree 26/2023/ND-CP stipulates the list of goods and import tax rates for goods subject to tariff quotas from July 15.

Import tax rates for goods subject to tariff quotas from July 15. (Source: VNA)

1. Import tax rates for goods subject to tariff quotas from July 15

According to Article 10 of Decree 26/2023/ND-CP, the list of goods and import tax rates for goods subject to tariff quotas from July 15 are as follows:

- The list of goods subject to tariff quotas includes goods belonging to the groups of goods specified in Appendix IV issued with Decree 26/2023/ND-CP and goods subject to tariff quotas specified in international treaties to which the Socialist Republic of Vietnam is a member (International treaties).

- Annual import tariff quota is implemented according to regulations of the Ministry of Industry and Trade .

- Import tax rates applied to the quantity of imported goods within the tariff quota:

Goods with imported quantities within the annual import tariff quota as prescribed by the Ministry of Industry and Trade shall apply the preferential import tax rates specified in Section I, Appendix II issued together with Decree 26/2023/ND-CP or apply the special preferential import tax rates according to the Special Preferential Import Tax Schedules (if meeting the conditions to enjoy the special preferential import tax rates) issued together with the Government 's Decrees on promulgating the Special Preferential Import Tax Schedules to implement international treaties.

In case the Decrees on promulgating the Government's special preferential tariff schedule to implement international treaties stipulate conditions for applying special preferential import tax rates within tariff quotas, the provisions of those Decrees shall apply.

- Import tax rates applied to the quantity of imported goods outside the tariff quota:

+ Goods specified in Clause 1, Article 10 of Decree 26/2023/ND-CP with imported quantity exceeding the annual import quota as prescribed by the Ministry of Industry and Trade shall apply the import tax rate outside the tariff quota prescribed in Appendix IV issued with Decree 26/2023/ND-CP.

+ In case international treaties have provisions on import quotas and/or import tax rates outside the quotas for the goods specified in Clause 1, Article 10 of Decree 26/2023/ND-CP, the provisions of the Government's Decrees on promulgating special preferential import tax schedules shall apply to implement those international treaties.

In case the out-of-quota tax rate under the International Treaty is higher than the out-of-quota import tax rate prescribed in Appendix IV issued with this Decree, the out-of-quota import tax rate prescribed in Appendix IV issued with Decree 26/2023/ND-CP shall apply.

2. Subjects considered for granting Import Licenses under tariff quotas

Subjects considered for granting Import Licenses according to tariff quotas prescribed in Article 14 of Circular 12/2018/TT-BCT are as follows:

- For raw tobacco products: Traders have a license to produce cigarettes issued by the Ministry of Industry and Trade and have a need to use imported raw tobacco for cigarette production.

- For salt products: Traders who need to use salt for production must be confirmed by a specialized management agency.

- For poultry eggs: Traders have a need to import poultry eggs.

- For refined sugar and raw sugar: Follow the annual instructions of the Ministry of Industry and Trade based on consultation with the Ministry of Agriculture and Rural Development and the Ministry of Finance .

- The Ministry of Industry and Trade determines the time for allocating tariff quotas for raw tobacco products.

For the remaining items, the Ministry of Industry and Trade will discuss with the Ministry of Agriculture and Rural Development and the Ministry of Finance to determine the time for allocating tariff quotas.

Source: https://baoquocte.vn/cach-tinh-muc-thue-suat-thue-nhap-khau-tu-ngay-157-232217.html