Import duty exemption for subcontracted materials under contract manufacturing arrangement
17 December, 2020
On 12 December, the Government issued Resolution 178/NQ-CP regarding their monthly meeting held in November. A notable point in this Resolution is the Government’s consent to the proposal of the Ministry of Finance (MoF) that materials imported under contract manufacturing arrangements, which are then sent to subcontractors (“subcontracted materials”) for further processing, are eligible for import duty exemption. This is an update to our newsbrief dated 21 November 2018.
