The Special Preferential Import Tariff to implement the VIFTA

On October 15, 2024, the Government issues Decree No. 131/2024/ND-CP on issuing Vietnam’s Special Preferential Import Tariff to implement the Free Trade Agreement between the Government of the Socialist Republic of Vietnam and the Government of the State of Israel for the 2024 - 2027 period
Vietnam’s Special Preferential Import Tariff to implement the VIFTA for the 2024 - 2027 period (hereinafter referred to as Special Preferential Import Tariff) includes headings, descriptions and special preferential import duty rates applicable in different periods to each heading of goods imported from the territory of Israel into Vietnam.

The Special Preferential Import Tariff to implement the VIFTA

Column “VIFTA duty rate (%)” in the Special Preferential Import Tariff:  Duty rates applicable in different periods, specifically as follows:

-  Column “2024”: Duty rates applicable from October 15, 2024 until the end of December 31, 2024;

-  Column “2025”: Duty rates applicable from January 01, 2025 until the end of December 31, 2025;

-  Column “2026”: Duty rates applicable from January 01, 2026 until the end of December 31, 2026;

- Column “2027”: Duty rates applicable from January 01, 2027 until the end of December 31, 2027.

Additionally, goods which are eligible for the special preferential import duty rates under the VIFTA, imported goods must fully satisfy the following conditions:

-  Being included in the Special Preferential Import Tariff

- Being imported into Vietnam from Israel.

- Complying with the regulations on rules of origin, and being accompanied by a proof of origin in accordance with the VIFTA and current regulations.

This Decree takes effect on October 15, 2024 until the end of December 31, 2027.
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