New regulation guiding the Law on export and import duties released

18 March, 2021

On 11 March, the Government issued Decree 18/2021/ND-CP amending and supplementing some articles of Decree 134/2016/ND-CP guiding the Law on export and import duties.

Under Decree 18, materials imported under contract manufacturing models are eligible for import duty exemption even when the materials are sent to local vendors for processing. However, the import duty exemption is only granted if the production of the exported goods is partially outsourced or a portion of the imported materials are sent to local vendors for processing and the importers fulfill relevant customs procedures. 

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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