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.

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Nguyen Thanh Trung

Partner, Tax Services Leader, PwC Vietnam

Tel: +84 28 3823 0796

Nguyen Huong Giang

Partner, Tax Services, PwC Vietnam

Tel: +84 24 3946 2246