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CONTINUATION OF IMPORT TAX INCENTIVES VIETNAM - LAOS

10/10/2016
Deputy Prime Minister Nguyen Xuan Phuc has written steer agree with the proposal of the Ministry of Industry and Trade to continue to extend the application of the Agreement between the Government of Vietnam and the Lao government on tax incentives items import tax rates.
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CONTINUATION OF IMPORT TAX INCENTIVES VIETNAM - LAOS

Deputy Prime Minister assigned the Ministry of Industry and Trade to conduct the prescribed procedures.
Agreement between the Government of the items 2 countries apply preferential import tax rates Vietnam - Laos was first signed in 2011, is extended to apply for 2012, 2013, 2014 and expire on 31/12/2014. Which, basically, Vietnam and Laos has applied preferential import tax of 0% to about 95% of goods originating from the 2 countries.
In addition, Vietnam applied the mechanism of tariff quotas for tobacco products (3,000 tons / year) and rice (7,000 tons / year), imports from Laos into Vietnam at the rate of 0% quota.
In a report to the Government, the Ministry of Industry and Trade, in 2014, the Lao repeatedly Vietnam suggest the consideration and application of tariff quotas on sugar imports Laos into Vietnam at the rate of 0% the additional quotas and preferences into the agreement.
While his government is directing, this Ministry has written to the Ministry of Finance to facilitate DN Laos Vietnam rice exports to continue to enjoy the preferential treatment in the Agreement signed earlier between two countries.
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