Decree 111/2020/ND-CP on the Special

Preferential Import and Export Tariffs for the implementation of the EVFTA Agreement for the period 2020-2022

On September 18, 2020, the Government issued Decree No.11/2020/ND-CP on

Vietnam’s Special Preferential Export and Import Tariffs to under the Free Trade

Agreement between the Socialist Republic of Vietnam and the European Union in

the period 2020-2022 implement commitments on opening the goods market in

the EVFTA Agreement.

Accordingly, the Decree stipulates the Special Preferential Import and Export tariffs of Vietnam to implement the EVFTA and the conditions for enjoying the special tax rates. With regard to customs declarations of exports and imports registered from August 1, 2020 to before the effective date of this Decree, if all regulations are met to enjoy tax rates if Vietnam’s special preferential export or import tariff in this

Decree has been paid tax at a higher tax rate, the overpaid tax shall be handled by the customs authority in accordance with the law on tax administration. This

Decree also applies to goods exported from Vietnam to the United Kingdom and

Northern Ireland and goods imported into Vietnam from the United Kingdom and Northern Ireland during the period from August 1, 2020 to the end of December

31, 2020.

This Decree shall take effects since September 18, 2020.